Author Question: Internet assurance is a service provided for a fee to vendors in order to provide absolute assurance ... (Read 37 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
Internet assurance is a service provided for a fee to vendors in order to provide absolute assurance to users of the vendor's web site that the site is in fact reliable and event data security is reasonable.
  Indicate whether the statement is true or false

Question 2

A county university's endowment fund has investments that were purchased for 400,000 . As of the end of the fiscal year, the fair value of the investments decreased by 33,000 .
 
  What journal entry is required to reflect the change in the fair market value of the investments?
 
   dr cr
 
  a. Loss on Endowment Investments  33,000 Endowment Investments  33,000
  b. Interest Expense  33,000 Endowment Investments  33,000
  c. Interest Revenues  33,000 Endowment Investments  33,000
  d. Interest Expense  33,000
   Deferred Revenue  33,000
  e. None of the above.



kmb352

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

F

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

For a complete list of videos, visit our video library