Answer:
e. Commitments for purchase orders are recorded as expenses.
Explanation:
The official statements of Governmental Accounting Standards Board (GASB) are the most superior authoritative rules for local and state government accounting in a country.
The following statements below are all correct in line with the Governmental Accounting Standards Board (GASB);
1. Governmental funds account for expenditures of financial resources rather than matching revenues and expenses.
2. The Encumbrances Outstanding account should be reversed and closed at the end of a fiscal year.
3. Revenues from licenses and permit fees are recognized when received in cash if using the modified accrual basis of accounting for governmental funds.
4. A fund is an independent accounting entity composed of cash and other financial resources, segregated for the purpose of carrying on specific activities and objectives.
Also, commitments for purchase orders are recorded in the purchase order or an approved requisition.
Answer:
Johnson will use the data processing system.
Interactive processing is the simplest way to work on a system. You log in, run commands which execute immediately, and log off when you've finished. You can use either the command line or a graphical environment
Answer:
B) Effects
Explanation:
In Microsoft Presentation the shadows and 3-D rotation option are available inside the Home tab. This option is used to provide special effects on the slides. and other options are not correct that can be described as:
The fill & Line both option working is different from each other the fill option used for fill color in shapes and the Line is used to provide a line in the presentation.The Size & Properties option is used to change the size and property of an object.The picture option is used to insert a picture or modify a picture in the presentation.
Answer:
True
Explanation:
Cap and trade system is designed to reduce pollution in our atmosphere, by setting a limit on pollution, emission from carbon iv oxide and other greenhouse gases.
Therefore, in a well-functioning cap-and-trade system for pollution rights, the right to pollute will always go to those who are able to acquire the largest net benefit from using the scarce resource which is clean air.
True is the correct option.
Answer: C. II and III
Explanation:
The customer ordered for 1,000 shares of a stock at $40 and so this is what the registered representative should give the customer. As such, if in the first place the order was possible to be done, then it will have to be done now and the registered representative's firm are obligated to provide the amount in question.
Any costs associated with filling the remaining 900 share order is the responsibility of the firm and not of the customer as they made the error not the customer.