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

Author Question: Adjusting entries are a. the same as correcting entries b. needed to bring accounts up to date and ... (Read 101 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jul 5, 2018
Adjusting entries are
 a. the same as correcting entries
  b. needed to bring accounts up to date and match revenue and expense
  c. optional under generally accepted accounting principles
  d. rarely needed in large companies

Question 2

The local school board received a donation of 1,000,000 to establish a scholarship fund for graduating students. The scholarship is accounted for in a Private-Purpose Trust Fund. The fund would report
 
  A. Additions of 1,000,000.
  B. Revenues of 1,000,000.
  C. A transfer of 1,000,000.
  D. Capital contributions of 1,000,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

A


rl

  • Member
  • Posts: 579
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Meiosis Accounts for Independent Assortment of Alleles Meiosis Accounts for Independent Assortment of Alleles
Patients should be encouraged to bring to their health care visit all the substances that they take, Patients should be encouraged to bring to their health care visit all the substances that they take,
Levallois points and flakes from Kapthurin, Kenya date to between 200,000 and 280,000 years ago. Levallois points and flakes from Kapthurin, Kenya date to between 200,000 and 280,000 years ago.
An assortment of hoist pad adaptors that are often needed to safely hoist many pickup trucks, ... An assortment of hoist pad adaptors that are often needed to safely hoist many pickup trucks, ...
An Internet connection is usually needed to perform updates although some vehicle manufacturers use ... An Internet connection is usually needed to perform updates although some vehicle manufacturers use ...
How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ... How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ...
Video: The Pressure Flow Model in a Plant

For a complete list of videos, visit our video library