« previous next »

Author Question: In which of the following situations would a component unit be required to prepare a CAFR, not just ... (Read 72 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jul 5, 2018
In which of the following situations would a component unit be required to prepare a CAFR, not just the basic financial statements?
 
  A. The primary government prepares a CAFR.
  B. The component unit will be issuing general obligation bonds in the coming year.
  C. The component unit has prepared a CAFR in the past.
  D. There are no situations in GAAP where any entity is required to prepare a CAFR.

Question 2

Accrued expenses are ordinarily reported on the balance sheet as
 a. assets
  b. liabilities
  c. fixed assets
  d. prepaid expenses


cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Ben Jones, Black Face and Arm Unit. Ben Jones, Black Face and Arm Unit.
A disposable cautery unit. A disposable cautery unit.
A functional renal unit. A functional renal unit.
To measure engine oil pressure, remove the oil pressure sending (sender) unit usually located near ... To measure engine oil pressure, remove the oil pressure sending (sender) unit usually located near ...
A Chrysler electronic ignition distributor. This unit is equipped with a vacuum advance mechanism ... A Chrysler electronic ignition distributor. This unit is equipped with a vacuum advance mechanism ...
How much heat energy in Joules is required to heat 16.0 g of copper from 23.0 °C How much heat energy in Joules is required to heat 16.0 g of copper from 23.0 °C
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library