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Author Question: Indicate whether each of the following represents an asset, liability, or owner's equity: (a) ... (Read 58 times)

faduma

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on: Jul 5, 2018
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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Reply #1 on: Jul 5, 2018
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
Wow, this really help

aliotak

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Reply 3 on: Yesterday
Excellent

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