This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which fund type would be reported in the Statement of Revenues, Expenditures, and Changes in Fund ... (Read 27 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jul 5, 2018
Which fund type would be reported in the Statement of Revenues, Expenditures, and Changes in Fund Balance?
 
  a. Enterprise Funds
  b. Internal Service Funds
  c. Permanent Funds
  d. Pension Trust Funds
  e. Agency Funds

Question 2

Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of 14,000 and unexpired insurance of 3,000, for the fiscal year ending on April 30?
 a. debit Insurance Expense, 3,000; credit Prepaid Insurance, 3,000
  b. debit Insurance Expense, 14,000; credit Prepaid Insurance, 14,000
  c. debit Prepaid Insurance, 11,000; credit Insurance Expense, 11,000
  d. debit Insurance Expense, 11,000; credit Prepaid Insurance, 11,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

snackralk

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

d


stock

  • Member
  • Posts: 573
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

An experimentally made Oldowan type core. An experimentally made Oldowan type core.
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
A typical fuel pulsator used mostly with roller vane-type pumps to help even out the pulsation in ... A typical fuel pulsator used mostly with roller vane-type pumps to help even out the pulsation in ...
Patient diagnosed with type 2 diabetes mellitus. Periodontal examination revealed deep periodontal ... Patient diagnosed with type 2 diabetes mellitus. Periodontal examination revealed deep periodontal ...
Type of pathogen organism Type of pathogen organism
Comparison of D-type Climates Comparison of D-type Climates
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library