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Author Question: How does receiving a bill to be paid next month for services received affect the accounting ... (Read 149 times)

neverstopbelieb

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on: Jul 6, 2018
How does receiving a bill to be paid next month for services received affect the accounting equation?
 a. assets decrease; owner's equity decreases
  b. assets increase; liabilities increase
  c. liabilities increase; owner's equity increases
  d. liabilities increase; owner's equity decreases

Question 2

The government-wide financial statements do notinclude
 
  A. Discretely presented component units.
  B. Governmental fund information.
  C. Business-type activities.
  D. Net position.


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leahm14

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Reply #1 on: Jul 6, 2018
Answer to Question 1

d

Answer to Question 2

B


neverstopbelieb

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Reply 2 on: Jul 6, 2018
Excellent

chereeb

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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