Find the noun that requires an apostrophe ('). Indicate the correct possessive form of the noun with the apostrophe in the correct place. Example Jims files were misplaced. Jim's Mr. Nguyens house was sold at auction
Nguyen's
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The book value of a partner's interest is shown by the credit balance of the partner's capital account, after all profits or losses have been allocated in accordance with the partnership agreement, and the books have been closed
a. True b. False Indicate whether the statement is true or false
The use of prototype stores, standardized product lines, and cooperative advertising characterizes _____
a. retail cooperatives b. business format franchising c. product/trademark franchising d. vertical marketing systems
Use the following to answer the questions below:On October 1, 2016, the City of Mizner issued $5,000,000 in 4%, general obligation bonds at 101 for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service fund. A total of $4,968,750 was used to construct the addition, which was completed prior to June 30, 2017. The remaining funds were transferred to the debt service fund. The bonds were dated October 1, 2016, and paid interest on April 1 and October 1. The first of 20 annual principal payments of $250,000 is due October 1, 2017. The fiscal year for Mizner is July 1- June 30.How would the construction costs of $4,968,750 be reported at year-end?
A. As a capital asset in the Statement of Net Position only. B. As an expenditure of the capital projects fund only. C. As an expenditure of the capital projects fund and an expense in the government-wide Statement of Activities. D. As an expenditure of the capital projects fund and a capital asset in the government-wide Statement of Net Position.
After all the closing entries are posted to the ledger, the Income Summary account will have a ________ balance.
Fill in the blank(s) with the appropriate word(s).