subject
Business, 08.04.2020 00:51 gracerich

1. A county uses the GAAP basis to report encumbrances. At the end of 2020 there are purchase orders outstanding, for which the goods have not yet been delivered, for $40,000. Which statement below is false? A. Expenditures for 2020 will include the $40,000 purchase orders. B. The expenditures connected with the purchase orders outstanding at the end of 2020 are not separated from expenditures initiated in 2021. C. An entry will be made at the start of 2021 to increase fund balance–unassigned by $40,000. D. If the actual cost of the orders turns out to be $42,000, then $42,000 will be added to expenditures for 2021.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:10
Of the roles commonly found in the development, maintenance, and compliance efforts related to a policy and standards library, which of the following has the responsibilities of directing policies and procedures designed to protect information resources, identifying vulnerabilities, and developing a security awareness program?
Answers: 3
question
Business, 21.06.2019 23:30
San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will
Answers: 3
question
Business, 22.06.2019 02:30
When interest is compounded continuously, the amount of money increases at a rate proportional to the amount s present at time t, that is, ds/dt = rs, where r is the annual rate of interest. (a) find the amount of money accrued at the end of 3 years when $4000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (round your answer to the nearest cent.) $ (b) in how many years will the initial sum deposited have doubled? (round your answer to the nearest year.) years (c) use a calculator to compare the amount obtained in part (a) with the amount s = 4000 1 + 1 4 (0.0575) 3(4) that is accrued when interest is compounded quarterly. (round your answer to the nearest cent.) s = $
Answers: 1
question
Business, 22.06.2019 10:00
Carrie works at a canned food production factory. the government wanted to give a boost to the salt industry, so it lined up numerous subsidies and tax exemptions for the sector. this lead to a decrease in production costs. this also meant that consumers could access canned foods at a lower price, which lead to an increase in demand for the product. which kind of economic system is carrie’s company dealing with? carrie’s company is dealing with a/an economy.
Answers: 2
You know the right answer?
1. A county uses the GAAP basis to report encumbrances. At the end of 2020 there are purchase orders...
Questions
question
Mathematics, 28.02.2020 20:22
question
Mathematics, 28.02.2020 20:22
question
History, 28.02.2020 20:22
question
Law, 28.02.2020 20:22
Questions on the website: 13722361