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Mrrafil [7]
3 years ago
14

On July 1, 2018, Fred City ordered $1,500 of office supplies. They were to be paid for out of the general fund when received. Re

quired: What entry was required for the governmental fund financial statements?
Business
1 answer:
nalin [4]3 years ago
8 0

Answer:

Government-Wide Statements no entry is required, because under accrual accounting, no entry is made until a transaction occurs.

Explanation:

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Financial statement users typically begin their assessment of permanent earnings with:
kirza4 [7]

Answer:

income from continuing operations.

8 0
3 years ago
What is an example of print advertising? A. a web banner B. a radio commercial C. a t-shirt D. a poster
Fed [463]
D. a poster
Although 'A' could also be used as an example, it isn't exactly print advertising in its purest form.
7 0
3 years ago
Suppose a small economy produces only two goods: books and shirts. The opportunity cost of 1 book is constant at 3 shirts. For e
Anastaziya [24]

Answer:

Books Shirts

4 0

3 3

2 6

1 9

0 12

Explanation: At combination E, the economy is producing 0 books and 12 shirts. Since the opportunity cost of 1 book is 3 shirts, moving from point E to point D (gaining 1 book) requires this economy to produce 3 fewer shirts. Thus, the number of shirts in combination D must be 12 shirts−3 shirts=9 shirts. The rest of the combinations can be calculated in a similar fashion, with the answers summarized in the following table.

A 4 3−3=0

B 3 6−3=3

C 2 9−3=6

D 1 12−3=9

E 0 12

8 0
2 years ago
Flipco signed a 15​-year note payable on January​ 1, 2018​, of $900,000. The note requires annual principal payments each Decemb
MrMuchimi

Answer:A debit to interest expense for $36,000

Explanation:

interest expense= 800,000-80,000 = 720,000 5% 12/12

3 0
3 years ago
Dahlia is explaining to her sister why a positive credit history is important. Which of the following should Dahlia give as reas
aleksandr82 [10.1K]

Answer:

in order to have finance from the bank for short term and long term.

Explanation:

when co. apply for the credit from the bank, the bank always check the credit history of the bank to issue loan to co.

7 0
3 years ago
Read 2 more answers
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