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

Author Question: Net income appears on which of the following a. Income Statement b. Statement of Owner's Equity ... (Read 162 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jul 6, 2018
Net income appears on which of the following
 a. Income Statement
  b. Statement of Owner's Equity
  c. Balance Sheet
  d. Both A & B

Question 2

Which of the following is an appropriate use of a fund balance restriction?
 
  A. To report the amount of capital assets acquired during the year.
  B. To indicate that the finance director is setting aside a substantial amount of resources for a special project.
  C. To report the amount of long-term debt that will mature in the next 12 months.
  D. To report amounts that can only be used for specific purposes due to debt covenant constraints.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wuly

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

D


TFauchery

  • Member
  • Posts: 500
Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Photograph of the retina of the eye. The optic disk appears yellow and the retinal arteries radiate Photograph of the retina of the eye. The optic disk appears yellow and the retinal arteries radiate
The Sun as it appears from the surface of the Earth at sunrise. The Sun as it appears from the surface of the Earth at sunrise.
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
Video: Protein catabolism (Krebs cycle) and Protein anabolism (protein synthesis)

For a complete list of videos, visit our video library