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 34 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
Excellent

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

The end of a typical line wrench, which shows that it is capable of grasping most of the head of ... The end of a typical line wrench, which shows that it is capable of grasping most of the head of ...
A typical General Motors HEI coil installed in the distributor cap. When the coil or distributor cap ... A typical General Motors HEI coil installed in the distributor cap. When the coil or distributor cap ...
A typical port fuel-injection system squirts fuel into the low pressure (vacuum) of the intake ... A typical port fuel-injection system squirts fuel into the low pressure (vacuum) of the intake ...
Typical Reverse Osmosis Filter Setup Typical Reverse Osmosis Filter Setup
Typical Night’s Sleep for a Young Adult Typical Night’s Sleep for a Young Adult
Early growth of the common bean (Phaseolus vulgaris), a typical eudicot. Early growth of the common bean (Phaseolus vulgaris), a typical eudicot.
Video: Gas exchange - driving force

For a complete list of videos, visit our video library