Upon completion of construction and full payment of all construction costs in a capital projects fund, the entry to record the transfer of any remaining cash should include a debit to:I. Contract Payable-Retained Percentage. II. Transfer Out to Debt Service Fund.
A. Either I or II
B. I only
C. II only
D. Neither I nor II
Answer: C
You might also like to view...
When Toyota announces a product recall on its Camry model due to a faulty igniter, they are using ________ to coordinate with dealers and car owners
A) reverse logistics B) outbound logistics C) inbound logistics D) inventory logistics E) disintermediation
Which approaches should an organization adopt for managing uncertainty in a complex and dynamic environment?
A. decentralized and organic approach, with mutual adjustment B. centralized and organic approach, with mutual adjustment C. centralized and organic approach, with direct supervision D. decentralized and bureaucratic approach, with standardized skills E. centralized and bureaucratic approach, with standardized work processes
What takes place in the Scrum process?
What will be an ideal response?
Plumbing & Pipes Supply Company issues a promissory note as a demand instrument with a due date of October 5. QuikPay Loan Company accepts the note. QuikPay has notice that the note is overdue if the firm takes the note A) after October 5
B) before October 5. C) on October 5. D) at any time.