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

Author Question: A government university that reports as a business-type special purpose government, purchases land ... (Read 95 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
on: Jul 5, 2018
A government university that reports as a business-type special purpose government, purchases land for a planned dormitory by securing a 10-year bank loan. The entry to record the purchase and procurement of funding would include
 
  a. a DEBIT to cash.
  b. a CREDIT to notes payable.
  c. a DEBIT to expenditures.
  d. a CREDIT to other financing sources.
  e. Both items a and b.
  f. Both items c and d.

Question 2

Which category of funds is used to account for most of the day-to-day public services provided by a government?
 
  a. Fiduciary-type funds
  b. Enterprise-type funds
  c. Proprietary-type funds
  d. Governmental-type funds


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brbarasa

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jul 5, 2018
Answer to Question 1

E

Answer to Question 2

d


bucstennis@aim.com

  • Member
  • Posts: 532
Reply 2 on: Jul 5, 2018
Wow, this really help

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

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.

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?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Jaguar F-type back Jaguar F-type back
This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
One type of safety needle withdraws into a protective sheath when the injection is complete. One type of safety needle withdraws into a protective sheath when the injection is complete.
Action of a type II topoisomerase Action of a type II topoisomerase
Water consumption by type of use Water consumption by type of use
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
Video: Bulk flow - Factors that influence bulk flow

For a complete list of videos, visit our video library