This topic contains a solution. Click here to go to the answer

Author Question: April 14 Equipment 15,000 Cash 5,000 Note Payable 10,000 ????????????. Which is the best explanation ... (Read 231 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
April 14 Equipment 15,000 Cash 5,000 Note Payable 10,000 ????????????. Which is the best explanation for this journal entry?
 a. Purchased equipment; paid cash of 5,000, with the remainder to be paid in the future.
  b. Purchased equipment; paid cash of 10,000, with the remainder to be received in the future.
  c. Purchased equipment with cash.
  d. Purchased equipment on account.

Question 2

The independent auditor's report is normally included within
 
  a. the introductory section of a CAFR.
  b. management's discussion and analysis.
  c. the financial section of a CAFR.
  d. the statistical section of a CAFR.
  e. any of the above sections at management's discretion.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janeli

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

a

Answer to Question 2

C





 

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?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

For a complete list of videos, visit our video library