Fiduciary funds are reported A. In both the fund financial ...

[asmith134]

Fiduciary funds are reported
 
  A. In both the fund financial statements and the government-wide financial statements.
  B. As required supplementary information.
  C. By fund type in the government-wide financial statements.
  D. By fund type in the fund financial statements.

Question 2

Selected transaction data of a business for September are summarized below. Determine the following amountsfor September: (a) total revenue, (b) total expenses, (c) netincome. Service sales charged to customers on account during September 33,000 Cash received from cash customers for services performed in September 28,000 Cash received from customers on account during September: Services performed and charged to customers prior to September 13,000 Services performed and charged to customers during September 18,000 Expenses incurred prior to September and paid during September 6,500 Expenses incurred and paid in September 36,250 Expenses incurred in September but not paid in September 5,000 Expenses for supplies used and insurance (not included above)applicable to September 2,000

[johnpizzaz]

Answer to Question 1

D

Answer to Question 2

(a) 61,000 (33,000 + 28,000)
(b) 43,250 (36,250 + 5,000 + 2,000)
(c) 17,750 (61,000  43,250)

[asmith134]

Excellent

[kthug]

Gracias!