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

Author Question: April 14 Equipment 15,000 Cash 5,000 Note Payable 10,000 ????????????. Which is the best explanation ... (Read 111 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jul 5, 2018
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
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

C


roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jul 5, 2018
Thank you :)


janeli

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

An alpine marmot at the end of summer. Note the fattened belly. An alpine marmot at the end of summer. Note the fattened belly.
Goniometer and Its Use, Equipment Goniometer and Its Use, Equipment
Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19 Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19
Typical Examination Room Equipment and Supplies Cont. Typical Examination Room Equipment and Supplies Cont.
Example of simplified note for one-time client. Example of simplified note for one-time client.
A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Video: Osteoporosis

For a complete list of videos, visit our video library