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

Author Question: The chart of accounts is designed to a. alphabetize the accounts to make reading easier for ... (Read 98 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
on: Jul 5, 2018
The chart of accounts is designed to
 a. alphabetize the accounts to make reading easier for financial statement users
  b. organize accounts in order of dollar amount to simplify the accounting information for users
  c. summarize the transactions and determine ending account balances
  d. meet the information needs of a company's managers and other users of its financial statements

Question 2

Investment earnings of 1,250 were earned on restricted investments. The earnings are to be used for various research projects during the current year. The earnings would be reported as
 
  A. Unrestricted revenues.
  B. Temporarily restricted revenues.
  C. Permanently restricted revenues.
  D. General interest revenue.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nhea

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

B


tiara099

  • Member
  • Posts: 588
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Blood Pressure Chart Blood Pressure Chart
Metric conversion using the place value chart. Metric conversion using the place value chart.
A steady but low reading could indicate retarded valve or ignition timing. A steady but low reading could indicate retarded valve or ignition timing.
Fluidization - Reaction Rate Chart Fluidization - Reaction Rate Chart
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Bag of hats and caps grade 1 reading Bag of hats and caps grade 1 reading
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library