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

Author Question: A county uses the consumption method in accounting for insurance premium prepayments. At the ... (Read 31 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Jul 5, 2018
A county uses the consumption method in accounting for insurance premium prepayments. At the beginning of the fiscal year, the county paid a 24,000 insurance premium to cover the current year and the subsequent fiscal year.
 
  At the end of the current year, the county will report in its General Fund
  A. Expenditures of 24,000.
  B. Expenditures of 12,000 and a 12,000 prepaid asset.
  C. A 24,000 prepaid asset.
  D. Other financing use of 24,000.

Question 2

Generally, which of the following is NOT one of the three roles an accountant typically fills in relation to the AIS?
 a. designer
  b. programmer
  c. user
  d. auditor


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

B


ahriuashd

  • Member
  • Posts: 535
Reply 2 on: Jul 5, 2018
:D TYSM

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

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.

Performing Venipuncture Using the Vacutainer Method Performing Venipuncture Using the Vacutainer Method
Performing Venipuncture Using the Vacutainer Method Performing Venipuncture Using the Vacutainer Method
Neural tissue that has been stained by the Golgi method. Because only a few neurons take up the ... Neural tissue that has been stained by the Golgi method. Because only a few neurons take up the ...
Warming effleurage to thigh muscles. Use reinforced palm over palm method to apply deeper pressure ... Warming effleurage to thigh muscles. Use reinforced palm over palm method to apply deeper pressure ...
Accounting Accounting
Alternative method of testing cardinal field of gaze Alternative method of testing cardinal field of gaze
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library