« previous next »

Author Question: If the adjustment of the unearned rent account at the end of the period to recognize the amount of ... (Read 62 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jul 5, 2018
If the adjustment of the unearned rent account at the end of the period to recognize the amount of rent earned is inadvertently omitted, the net income for the period will be understated.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which of the following scenarios does not describe governing boards of a primary government and a potential component unit that are substantially the same?
 
  a. A city's governing board are the ex-officio governing board members of the Library District.
  b. A county has a seven-member board. Five of these board members serve on an eight-member authority board.
  c. A county has a seven-member board. Three of these board members serve on a five-member authority board.
  d. There are seven members serving on the city council. Five of these council members are the entire governing board of a historical district board.
  e. Both items b and c do not describe governing boards that are substantially the same.


LP

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period
The relationship of substrate con- version (as measured by optical density) to the amount of patient ... The relationship of substrate con- version (as measured by optical density) to the amount of patient ...
40th Week pregnancy period baby 40th Week pregnancy period baby
Embryonic Period Embryonic Period
Embryonic Period Embryonic Period
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Structures that affect circulation - kidneys, blood volume and venous tone

For a complete list of videos, visit our video library