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

Author Question: Hannah Township has a General Fund, two Capital Projects Funds, one Permanent Fund, two Enterprise ... (Read 164 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jul 6, 2018
Hannah Township has a General Fund, two Capital Projects Funds, one Permanent Fund, two Enterprise Funds, two Internal Service Funds, three Pension Trust Funds, and one Private-Purpose Trust Fund.
 
  Assuming all governmental and enterprise funds meet the major fund criteria, how many columns will the proprietary fund statement of net assets have?
  a. two
  b. three
  c. four
  d. five
  e. eight

Question 2

A baseball team records ticket revenue received in advance as Unearned Revenue. On the team's work sheet, the required adjusting entry is
 a. debit Cash; credit Unearned Revenue.
   b. debit Revenue; credit Unearned Revenue.
   c. debit Unearned Revenue; credit Cash.
   d. debitUnearned Revenue; credit Revenue.
   e. debit Cash; credit Unearned Revenue Income.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jul 6, 2018
Answer to Question 1

A

Answer to Question 2

d


lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
Reply #2 on: Jul 6, 2018
Thank you


tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Reply #3 on: Jul 6, 2018
No problemo


« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Natural Capital Natural Capital
General Biology General Biology
Amino acids in general acid-base catalysis Amino acids in general acid-base catalysis
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Body Part, Method of Examination, and Equipment Used During the General Physical Examination
General Effects of Hydrotherapy* Comparing Thermo-Hydrotherapy and Cryo-Hydrotherapy General Effects of Hydrotherapy* Comparing Thermo-Hydrotherapy and Cryo-Hydrotherapy
Three General Protist Life Cycles Three General Protist Life Cycles
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library