Long-Term Liabilities are usually listed in the order of their ...

[KimWrice]

Long-Term Liabilities are usually listed in the order of their expected payment.
  Indicate whether the statement is true or false

Question 2

Which of the following is the basic proprietary fund accounting equation?
 
  A. Assets  Liabilities = Net Assets.
  B. Financial Assets  Related Liabilities = Fund Balance.
  C. Financial Assets + Deferred Outflows  Related Liabilities  Deferred Inflows = Fund Balance.
  D. Assets + Deferred Outflows  Liabilities  Deferred Inflows = Net Position.

[orangecrush]

Answer to Question 1

F

Answer to Question 2

D