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Author Question: Revenues and expenses should be recorded in the same period to which they relate. a. True b. False ... (Read 102 times)

Coya19@aol.com

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on: Jul 5, 2018
Revenues and expenses should be recorded in the same period to which they relate.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The city's Capital Projects Fund had an excess of expenditures over revenues for the current year. Which of the following explanations for the excess isnot plausible?
 
  A. The city financed a substantial portion of the project in the previous year.
  B. The city financed a significant portion of the project by issuing long-term bonds during the year
  C. The city financed a significant portion of the project from transfers from the General Fund.
  D. All of the above are plausible explanations.


Rilsmarie951

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

D


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Coya19@aol.com

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Reply #2 on: Jul 5, 2018
Thank you :)


Rilsmarie951

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Reply #3 on: Jul 5, 2018
Happy to help you


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