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Author Question: Which of the following is a component of the net position of the U.S. Government? A. Cumulative ... (Read 54 times)

bcretired

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on: Jul 5, 2018
Which of the following is a component of the net position of the U.S. Government?
 
  A. Cumulative results of operations.
  B. Restricted net position.
  C. Capital Contributed by Treasury.
  D. Net investments in capital assets.

Question 2

The balance in the office supplies account on January 1 was 7,000, supplies purchased during January were 3,000, and the supplies on hand at January 30 were 2,000 . The amount to be used for the appropriate adjusting entry is
 a. 4,300
  b. 12,000
  c. 5,000
  d. 8,000


leahm14

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

d


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