« previous next »

Author Question: In which of the following situations would a component unit be required to prepare a CAFR, not just ... (Read 77 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?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

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.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Trig Degrees/Radians unit circle Trig Degrees/Radians unit circle
The medical assisting profession offers many settings in which to pursue your career. Good communica The medical assisting profession offers many settings in which to pursue your career. Good communica
Schematic Diagram of the fluidized bed for the experiment (CHE415 Unit Operations) Schematic Diagram of the fluidized bed for the experiment (CHE415 Unit Operations)
A functional renal unit. A functional renal unit.
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
What volume of 8.25 M HCl solution must be diluted to prepare 2.40 L of 0.500 M What volume of 8.25 M HCl solution must be diluted to prepare 2.40 L of 0.500 M
Video: Decubitus Ulcer

For a complete list of videos, visit our video library