Author Question: Prior to the adjusting process, accrued expenses have a. not yet been incurred, paid, or recorded ... (Read 126 times)

tiffannnnyyyyyy · **on:** Jul 5, 2018

Prior to the adjusting process, accrued expenses have
a. not yet been incurred, paid, or recorded
b. been incurred, not paid, but have been recorded
c. been incurred, not paid, and not recorded
d. been paid but have not yet been incurred

Question 2

In a Tax Agency Fund, revenues must be recognized

A. When measurable and available.
B. On the cash basis.
C. At net realizable value of the taxes receivable.
D. Revenues are not reported for Agency Funds.