Author Question: Internet assurance is a service provided for a fee to vendors in order to provide absolute assurance ... (Read 92 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?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

For a complete list of videos, visit our video library