Author Question: Sales Tax Payable is recorded on the books of the purchaser. a. True b. False Indicate whether ... (Read 76 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?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

For a complete list of videos, visit our video library