Author Question: Sales Tax Payable is recorded on the books of the purchaser. a. True b. False Indicate whether ... (Read 103 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
Sales Tax Payable is recorded on the books of the purchaser.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A governmental entity issued bond anticipation notes during the year for a major capital project. The bond anticipation notes were refinanced with long-term general obligation bonds before the end of the fiscal year.
 
  In the Capital Projects Fund year-end financial statements the governmental entity should report
  a. other financing sources.
  b. a fund liability.
  c. revenues.
  d. other financing uses.
  e. None of the above.



djofnc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

False

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

djofnc

  • Sr. Member
  • ****
  • Posts: 318

 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library