« previous next »

Author Question: Fees payable would appear on the balance sheet as a(n) a. asset b. liability c. fixed asset d. ... (Read 1176 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?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Daily Water Balance in the Body Daily Water Balance in the Body
The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ... The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ...
Acid–Base Balance Acid–Base Balance
Acid–Base Balance Acid–Base Balance
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Physiologic mechanisms maintaining serum sodium balance Physiologic mechanisms maintaining serum sodium balance
Video: Calvin Cycle Explained!

For a complete list of videos, visit our video library