An Enterprise Fund incurs 35,000 in interest during the current ...

[ETearle]

An Enterprise Fund incurs 35,000 in interest during the current year related to its outstanding bonds. The 35,000 will be reported as
 
  A. Operating expenses.
  B. Non-operating expenses.
  C. Other financing uses.
  D. Capitalized interest because all interest must be capitalized in an Enterprise fund.

Question 2

Which of the following is considered to be an accrued expense?
 a. A computer technician has installed the latest software updates and was paid on the same day.
  b. A computer technician has been paid in advance to install software updates as they become available.
  c. A computer technician has just signed an agreement with you regarding pricing for future work.
  d. A computer technician has installed the latest software updates, but you have not received an invoice or made payment.

[Rilsmarie951]

Answer to Question 1

B

Answer to Question 2

d

[ETearle]

Thank you

[Rilsmarie951]

Happy to help you