« previous next »

Author Question: Fees payable would appear on the balance sheet as a(n) a. asset b. liability c. fixed asset d. ... (Read 1104 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
on: Jul 5, 2018
Fees payable would appear on the balance sheet as a(n)
 a. asset
  b. liability
  c. fixed asset
  d. unearned revenue

Question 2

A government establishes an Investment Trust Fund. During the year, it receives 500,000 from other separate legal entities to invest. The Investment Trust Fund should report this activity in the statement of changes in net position as
 
  A. Revenues.
  B. Other financing sources.
  C. Additions.
  D. Should not be reported.


laurnthompson

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

An example of sodium balance achieved by the coordinated actions of three hormones. An example of sodium balance achieved by the coordinated actions of three hormones.
Some different varieties of asymmetrical balance. Some different varieties of asymmetrical balance.
Johannes Vermeer, Woman Holding a Balance. Johannes Vermeer, Woman Holding a Balance.
Wrap the client securely with sheets. (A) Lay one side of the sheet over the body. (B) Enclose the ... Wrap the client securely with sheets. (A) Lay one side of the sheet over the body. (B) Enclose the ...
Bidirectional replication from several fixed origins (O) on a linear eukaryotic chromosome Bidirectional replication from several fixed origins (O) on a linear eukaryotic chromosome
A 31.1-g sample of Ne gas exerts a certain pressure in a container of fixed volume. What mass ... A 31.1-g sample of Ne gas exerts a certain pressure in a container of fixed volume. What mass ...
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library