acct

1. Financing that individuals or institutions have provided to a company is A. always classified as liabilities. B. classified as liabilities when provided by creditors and shareholders' equity when provided by owners. C. always classified as shareholders' equity. D. classified as shareholders' equity when provided by creditors and liabilities when provided by owners. 2. Which of the following would affect shareholders' equity? A. A company borrows $100 million and buys $100 million ...

GOVERNMENT ACCOUNTING 1. One of the following is not considered government income. (a) proceeds from loans and borrowings (b)government buildings (c) grants and aids received from foreign governments (d) taxes 2. What are the books of accounts in the government? (a) books of COA (b) books of COA and books of treasury (c) books of COA and books of agency (d)books of COA, books of treasury and books of agency 3. Which is incorrect concerning government accounting? (a) Laws, rules and r...