Author Question: This liability account is credited when cash is received for goods and/or services in advance of ... (Read 139 times)

Pea0909berry · **on:** Jul 6, 2018

This liability account is credited when cash is received for goods and/or services in advance of being earned
a. Pre-earned Revenues
b. Unearned Revenues
c. Advanced Revenues
d. Prepaid Revenues

Question 2

Depreciation was calculated for the police department's vehicle fleet. The expense will be reported

a. as depreciation expenditure in the General Fund.
b. as depreciation expense in the General Fund.
c. as depreciation expense in the public safety function of governmental activities.
d. as unallocated depreciation expense for governmental activities.
e. both items b and c.