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

Author Question: How does receiving a bill to be paid next month for services received affect the accounting ... (Read 491 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leahm14

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 6, 2018
Answer to Question 1

d

Answer to Question 2

B


neverstopbelieb

  • Member
  • Posts: 534
Reply 2 on: Jul 6, 2018
:D TYSM

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Lake position in the landscape and proportion of water received as groundwater (data from Webster et Lake position in the landscape and proportion of water received as groundwater (data from Webster et
Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph
The path of blood flow through the chambers of the left and right side of the heart, including the v The path of blood flow through the chambers of the left and right side of the heart, including the v
One in three survivors of Hurricane Katrina showed signs of PTSD a month after the tragedy; one in ... One in three survivors of Hurricane Katrina showed signs of PTSD a month after the tragedy; one in ...
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Lobes of the brain, with primary receiving and integrating centers of the human cerebral cortex. Lobes of the brain, with primary receiving and integrating centers of the human cerebral cortex.
Video: Digestive System Animation

For a complete list of videos, visit our video library