1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alisha [4.7K]
3 years ago
7

The amounts reported for assets and liabilities in the total column for the combining balance sheet for nonmajor governmental fu

nds are also reported in the other governmental funds column of the governmental funds balance sheet.
A. True
B. False
Business
1 answer:
torisob [31]3 years ago
8 0

Answer: True

Explanation:

Governmental funds refers to the assets, money, or property, of the government.

It should be noted that the non major governmental fund is also a form of fund as well and therefore, the amounts that are reported for assets and liabilities in the total column for the combining balance sheet for the nonmajor governmental funds will also have to be reported in the other governmental funds column of the governmental funds balance sheet.

Therefore, the correct option is True

You might be interested in
Why Can't You Buy Xiaomi Mi Band 4? Here Are 5 Facts That You Should Know
Rasek [7]

Answer:

What????

What is the question?

5 0
3 years ago
The transactions of Spade Company appear below.
ICE Princess25 [194]

Answer:

Required 1 : General journal entries

A.

Cash $100,750 (debit)

Capital ; K. Spade $100,750 (credit)

B.

Office Equipment  $10,050 (debit)

Trade Payable  $10,050 (credit)

C.

Trade Payable  $10,050 (debit)

Cash $10,050 (credit)

D.

Trade Receivable $2,700 (debit)

Fees Earned $2,700 (credit)

E.

Rent Expense $1,225 (debit)

Cash $1,225 (credit)

F.

Cash $1,125 (debit)

Trade Receivable $1,125 (credit)

Required 2 : Posting Journal Entries to T - Accounts

Cash Account

<u>Debit</u>

Capital ; K. Spade   $100,750

Trade Receivable         $1,125

Totals                        $101,875

<u>Credit</u>

Trade Payable          $10,050

Rent Expense              $1,225

Balance c/d             $90,600

Totals                        $101,875

Capital Account

<u>Debit</u>

Balance c/d        $100,750

Totals                  $100,750

<u>Credit</u>

Cash                    $100,750

Totals                  $100,750  

Office Equipment Account

<u>Debit</u>

Trade Payable        $10,050

Totals                      $10,050

<u>Credit</u>

Balance c/d             $10,050

Totals                      $10,050

Trade Payable Account

<u>Debit</u>

Cash                             $10,050

Totals                           $10,050

<u>Credit</u>

Office Equipment        $10,050

Totals                           $10,050

Trade Receivable Account

<u>Debit</u>

Fees Earned     $2,700

Totals                $2,700

<u>Credit</u>

Cash                   $1,125

Balance c/d       $1,575

Totals                $2,700

Rent Expense Account

<u>Debit</u>

Cash                                   $1,225

Totals                                 $1,225

<u>Credit</u>

Profit and Loss Account   $1,225

Totals                                 $1,225

Fees Earned Account

<u>Debit</u>

Trading Account  $2,700

Totals                    $2,700

<u>Credit</u>

Trade Receivable $2,700

Totals                    $2,700

Explanation:

All transaction are first record in the journal. Be careful to use the account titles provided by the question.

The Posting to general account is the second stage in accounting. Here account balances to be transferred into the trial balance are established.

8 0
3 years ago
A total of 700 tickets were sold for a game for a total of $3420. If adult tickets sold for $7 each and child tickets cost $3 ea
nikitadnepr [17]

Answer:

330 tickets sold to adults

370 tickets sold to children

Explanation:

Suppose:

Number of Tickets

Adult = A

Child = C

According to given condition

A + C = 700 (Eq 1)

7A + 3C = 3,420 (Eq 2)

By multiplying (Eq 1) with 3 we get

3A + 3C = 2,100 (Eq 3)

By subtracting (Eq 3) from (Eq 1)

7A + 3C - (3A + 3C) = 3,420 - 2100

7A - 3A + 3C -3C = 1320

4A = 1320

A = 1320/4

A = 330

Putting value of A in (Eq 1)

330 + C = 700

C = 700 - 330

C = 370

Check:

(7x330) + ( 3x370) = 3420

2310 + 1110 = 3420

3420 = 3420

5 0
3 years ago
After the death of her husband, Gina Baker, 35, received a check for $350,000 from a life insurance company. Gina has two small
seraphim [82]
Most likely Her kids I suppose

8 0
3 years ago
Read 2 more answers
In their chief role of _________, operations managers exert considerable influence over the degree to which the goals and object
Luden [163]

In their chief role of decision maker or planner, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.

<u>Explanation:</u>

Planned decision making is one of the most vital managerial process. The steps involved in framing preparation of decision establishing are as follows,

  • Exploring the decision situation
  • Determining the value of the decision
  • Identifying and confirming stakeholders
  • Considering connected decisions

The steps included in defining success of the decision making are,

  • Identifying guiding requirements
  • Considering criteria categories
  • Screening the criteria
  • Prioritizing the criteria

The following are the final steps of decision making process,

  • Planning data gathering
  • Mapping the issues or concerns that are to relevant decisions
  • Managing the framing

Planned decision making is the crucial process in every business entity. This helps in the forward movement of the business.

4 0
4 years ago
Other questions:
  • Alaska, Inc., would like to acquire Estoya Corp., which is located in Peru. In initial negotiations, Estoya has asked for a purc
    11·1 answer
  • What is the present value of following streams of future cash flows if the discount rate is 11%?
    7·1 answer
  • A _____ plan relies on a predetermined formula to distribute a share of the company's profits to eligible employees.
    10·1 answer
  • If property is inherited by a taxpayer,
    14·1 answer
  • In 1880 five aboriginal trackers were each promised the equivalent of 50 Australian dollars for helping to capture the notorious
    14·1 answer
  • What is Kaycie’s net income?
    6·1 answer
  • Jipsom and Klark were partners with capital account balances of $80,000 and $100,000, respectively. Looney directly paid $32,000
    15·1 answer
  • Jebali Company reports gross income of $340,000 and other property-related expenses of $229,000 and uses a depletion rate of 14%
    8·1 answer
  • g Coronado Industries sold some of its plant assets during 2021. The original cost of the plant assets was $902000 and the accum
    6·1 answer
  • LiveWords has decided to update its natural language processing app so that it includes a sentiment analysis that promises to re
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!