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

Author Question: Give the major disadvantage of disregarding the cost concept and constantly revaluing assets based ... (Read 161 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
on: Jul 5, 2018
Give the major disadvantage of disregarding the cost concept and constantly revaluing assets based on appraisalsand opinions.

Question 2

Interest expense for governmental activities at the government-wide level should be reported
 
  A. As part of the function for which the financing was beneficial.
  B. As part of the general government function.
  C. In total as capitalized interest.
  D. As an indirect expense not allocated to a functional area.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

britb2u

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 5, 2018
Answer to Question 1

Accounting reports would become unstable and unreliable.

Answer to Question 2

D


EAugust

  • Member
  • Posts: 550
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Gram + Cocci Concept Map Gram + Cocci Concept Map
This photograph of a Union soldier just freed from Andersonville prison, stunned and enraged norther This photograph of a Union soldier just freed from Andersonville prison, stunned and enraged norther
The major components of the hippocampus: CA1, CA2, CA3, and CA4 subfields and the dentate gyrus. ... The major components of the hippocampus: CA1, CA2, CA3, and CA4 subfields and the dentate gyrus. ...
Major three factors of blood pressure. Major three factors of blood pressure.
The three major mechanisms for facilitated transport The three major mechanisms for facilitated transport
The heart and its major blood vessels. Oxygen-rich blood is pumped from the lungs to the left The heart and its major blood vessels. Oxygen-rich blood is pumped from the lungs to the left
Video: Cellular slime mold life cycle Animation

For a complete list of videos, visit our video library