Author Question: As a user of an AIS an accountant may be called upon to participate in the AIS design process. ... (Read 113 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
As a user of an AIS an accountant may be called upon to participate in the AIS design process.
  Indicate whether the statement is true or false

Question 2

A government had 7,000,000 of 5, six month bond anticipation notes outstanding at the end of the fiscal year.
 
  As of this date, the government has completed all legal procedures and the notes will be re-financed to a term of ten years the following month. The BAN liability reported in the Capital Projects Fund as of the end of the fiscal year should be
  A. 0.
  B. 350,000.
  C. 3,500,000.
  D. 7,000,000.



emilymalinowski12

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

T

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

For a complete list of videos, visit our video library