This topic contains a solution. Click here to go to the answer

Author Question: When a governmental entity is decreasing the fair market value of an investment, the appropriate ... (Read 79 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
When a governmental entity is decreasing the fair market value of an investment, the appropriate debit would be to
 
  a. Investments
  b. Investment income
  c. Cash
  d. Loss on investments

Question 2

The individual amounts in the Accounts Payable Credit column of the purchases journal are posted
 a. individually to the Accounts Payable account in the general ledger.
   b. individually to the accounts payable ledger.
   c. individually to the Purchases account in the general ledger.
   d. in total to the accounts payable ledger.
   e. in total to the accounts receivable ledger.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

T4T

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

Great help.

Answer to Question 2

b




sarasara

  • Member
  • Posts: 521
Reply 2 on: Jul 6, 2018
Wow, this really help


FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

For a complete list of videos, visit our video library