Which of the following should not be reported on the balance sheet of the General Fund?
A. Due from federal government.
B. Equipment.
C. Vouchers payable.
D. Tax anticipation notes payable.
Answer: B
You might also like to view...
Which two psychologists are credited with the development of positive psychology?
a. Katz and Khan b. Frost and Dutton c. Seligman and Csikszentmihalyi d. Siegfried and Roy
An oral contract to sell specially manufactured goods is enforceable if the goods cannot be sold to other buyers, and the manufacturer has made a substantial progress in manufacturing the goods
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Joint clients have a right to share the same lawyer, as long as they understand the possible conflict and consent to the joint representation. 2. If joint plaintiffs are not willing to settle a case, the lawyer cannot automatically proceed to settle the case on behalf of those plaintiffs who do want to settle. 3. A lawyer cannot enter into a business transaction with a client because the lawyer is in a superior bargaining position over the client. 4. No version of the Model Rules or the Model Code specifically prohibits lawyers from engaging in sexual relationships with their clients. 5. There tends to be a belief by courts that domestic relations clients are the most susceptible to being taken advantage of by their lawyers when it comes to lawyer-client sexual relationships.
Why might certain trial balance amounts be projected when considering planning materiality?
Review Exhibits 1 and 2; audit memos G-3 and G-4; and audit schedules G-5, G-6 and G-7. Based on your review, answer each of the following questions: