If a part of merchandise previously sold is returned, the cash ...

[BRWH]

If a part of merchandise previously sold is returned, the cash discount is calculated on the amount left after the return.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A government has the following debt:
   Capital lease liabilities (General Fund department leases)--3,200,000
   Underfunded pension contributions (long-term) associated with general government employees--1,000,000
   General government
 
  bonds that mature in the next fiscal year--5,000,000
 
  What amount of debt should be reported in the General Long-Term Liabilities accounts?
  a. 1,000,000
  b. 3,200,000
  c. 4,200,000
  d. 9,200,000

[akemokai]

Answer to Question 1

True

Answer to Question 2

D

[BRWH]

TYSM

[kusterl]

Excellent