« previous next »

Author Question: An Enterprise Fund incurs 35,000 in interest during the current year related to its outstanding ... (Read 106 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?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

The electrophoretic mobility of a protein on an SDS polyacrylamide gel is related to its molecular w The electrophoretic mobility of a protein on an SDS polyacrylamide gel is related to its molecular w
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Disorders Related to Urination Disorders Related to Urination
Procedures and Diagnostic Tests Related to the Urinary System Procedures and Diagnostic Tests Related to the Urinary System
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Compound interest Compound interest
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library