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Author Question: Indicate whether each of the following represents an asset, liability, or owner's equity: (a) ... (Read 72 times)

faduma

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Indicate whether each of the following represents an asset, liability, or owner's equity: (a) accounts payable (b) wages expense (c) capital (d) accounts receivable (e) withdrawal (f) land

Question 2

All of the following financial statements should be presented for a General Fund except a
 
  A. Balance sheet.
  B. Statement of revenues, expenditures, and changes in fund balance.
  C. Statement of cash flows.
  D. Statement of revenues, expenditures, and changes in fund balance: budget and actual.



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SomethingSomething

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Answer to Question 1

(a) liability
(b) owner's equity
(c) owner's equity
(d) asset
(e) owner's equity
(f) asset

Answer to Question 2

C




faduma

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)


scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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