Author Question: In discrete presentation, component unit a. funds are reported as the same type of funds of the ... (Read 21 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
In discrete presentation, component unit
 
  a. funds are reported as the same type of funds of the primary government.
  b. funds are treated as Special Revenue Funds of the primary government since the resources can only be used for the component unit's programs.
  c. data is present in the government-wide statements separate from the primary government data.
  d. basic financial statements must always be included in the primary government's comprehensive annual financial report.

Question 2

The account type and normal balance of Unearned Revenue is
 a. revenue, credit
  b. expense, debit
  c. liability, credit
  d. asset, debit



Leostella20

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

C

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

For a complete list of videos, visit our video library