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

Author Question: The term used to describe an expense that has not been paid and has not yet been recognized in the ... (Read 95 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jul 5, 2018
The term used to describe an expense that has not been paid and has not yet been recognized in the accounts by a routine entry is
 a. prepaid
  b. deferred
  c. accrued
  d. matched

Question 2

In reviewing their governmental funds, a local municipality determines that three of the funds (including the General Fund are considered major funds and the remaining six governmental funds are nonmajor.
 
  However, management prefers to report all of its governmental funds as major funds. What is the maximum number of fund columns that could be presented on the governmental fund balance sheet?
  A. 3.
  B. 4.
  C. 6.
  D. 9.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chou

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

D


mynx

  • Member
  • Posts: 555
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

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?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Long-Term Potentiation Long-Term Potentiation
The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage
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
Example of Index entry with Main Term and indented subterms. Example of Index entry with Main Term and indented subterms.
Full-term Twin Full-term Twin
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library