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Author Question: The physical count of inventory may be less than the accounting records due to the following: a. ... (Read 178 times)

Zulu123

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on: Jul 6, 2018
The physical count of inventory may be less than the accounting records due to the following:
 a. Receiving Errors
   b. Shoplifting
   c. Accounting Errors
   d. All of the above

Question 2

The Utility Enterprise Fund is in Year 2 of a three year construction project that is projected to cost 3,000,000 . The fund incurred 300,000 of costs in Year 1 and 1,800,000 in Year 2 . The fund will report
 
  a. expenses of 300,000 in Year 1 and 1,800,000 in Year 2 .
  b. total construction in progress (an asset) in Year 2 of 1,800,000 .
  c. total construction in progress (an asset) in Year 2 of 2,100,000
  d. expenditures of 300,000 in Year 1 and 1,800,000 in Year 2
  e. None of the above.


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juwms

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

d

Answer to Question 2

C


Zulu123

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Reply 2 on: Jul 6, 2018
Gracias!

Dominic

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Reply 3 on: Yesterday
:D TYSM

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