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yuradex [85]
3 years ago
15

Alex is a member of Government Accounting Standard Body (GASB). This accounting body is not a government entity. GASB has been f

ormed in agreement with which accounting federation?
Business
1 answer:
user100 [1]3 years ago
3 0

Answer:

The creation of the Government Accounting Standard Body (GASB) involved many institutions. It was not just an agreement between accounting federations. The institutions that agreed the creation and standards of GASB are:

  • Financial Accounting Foundation
  • American Institute of Certified Public Accountants
  • Government Finance Officers Association
  • National Association of State Auditors, Comptrollers and Treasurers
  • seven organizations representing state and local government officials.
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Mekhanik [1.2K]

Answer:

There are multiple theories, nobody can be 100 percent sure how but here are 2 main theories:

Explanation:

-Lightning strikes a nearby tree, which catches fire. Frightened but inspired, these cavemen venture out, bring burning sticks back into their cave and learn to use fire.

-They may have used pieces of flint stones banged together to created sparks. They may have rubbed two sticks together generating enough heat to start a blaze.

6 0
3 years ago
During January 2017 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 we
Norma-Jean [14]

Answer:

The correct answer is:

Expenditures—2017 in the amount of $200. (C.)

Explanation:

This scenario describes a record that was less than the actual amount spent on the General Fund supplies. The amount recorded was $2,000, meanwhile the actual amount spent was $2,000. This entails that an amount worth $200 was not recorded, hence it will be debited as expenditures, but the question now is where the debit will be recorded?

This review was done in January 2017, meaning that the income statement for the 2016 Fiscal year must have been balanced, hence the amount will be an expenditure recorded in 2017, but the particulars will have a description that it was a carried over expenditure from 2016. Therefore $200 will be debited from 2017 as expenditures.

5 0
3 years ago
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maksim [4K]
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6 0
3 years ago
Ski trips and ski jackets are complements. the cross elasticity of demand for ski trips with respect to the price of a ski jacke
Mrrafil [7]

If the price of the ski trip has increased then the demand for the ski jacket will likely decrease because of the demand curve in terms of the ski jackets that will be shipping to the leftward as the ski trip were to increase.

6 0
3 years ago
1.2 Which of the following is not a nominal account?
bonufazy [111]

Answer:

i can say is capital

Explanation:

8 0
3 years ago
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