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

Author Question: Which of the following is not a typical governmental fund liability, and thus not an expenditure ... (Read 51 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
on: Jul 5, 2018
Which of the following is not a typical governmental fund liability, and thus not an expenditure that is recognized when the liability is incurred?
 
  A. Accounts payable.
  B. Long-term note payable.
  C. Salaries payable.
  D. Vouchers payable.

Question 2

Ramierez Company received its first electric bill in the amount of 60 which will be paid next month. How will thistransaction affect the accounting equation?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

Increase Liabilities (Accounts Payable) and decrease Owner's Equity (UtilitiesExpense)


Jkov05

  • Member
  • Posts: 556
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

X-ray showing typical joint changes associated with osteoarthritis. X-ray showing typical joint changes associated with osteoarthritis.
A diagrammatic section through a typical adult tooth. A diagrammatic section through a typical adult tooth.
A typical injector-pump-type automotive diesel fuel injection system. A typical injector-pump-type automotive diesel fuel injection system.
Typical wiring diagram of a V-6 distributorless (direct fire) ignition system. Typical wiring diagram of a V-6 distributorless (direct fire) ignition system.
A typical heated zirconia oxygen sensor, showing the sensor signal circuit that uses the outer ... A typical heated zirconia oxygen sensor, showing the sensor signal circuit that uses the outer ...
A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher. A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher.
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library