« previous next »

Author Question: An Enterprise Fund incurs 35,000 in interest during the current year related to its outstanding ... (Read 84 times)

ETearle

  • Hero Member
  • *****
  • Posts: 580
on: Jul 5, 2018
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

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ETearle

  • Hero Member
  • *****
  • Posts: 580
Reply #2 on: Jul 5, 2018
Thank you :)


Rilsmarie951

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
The nitrogen cycle. Numbers represent fluxes as 1012 g N per year (data from Schlesinger 1991, after The nitrogen cycle. Numbers represent fluxes as 1012 g N per year (data from Schlesinger 1991, after
Find the voltage, current and power for each resistor in the circuit below Find the voltage, current and power for each resistor in the circuit below
What principal will earn $77.14 interest at 6.65% p. What principal will earn $77.14 interest at 6.65% p.
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Walking into new year kids drawing Walking into new year kids drawing
Video: Global warming and its effect on climate change

For a complete list of videos, visit our video library