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Earn +20 ptsQ: What is true about the second necessary expense rule?
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Prepaid expenses are an example of an expense True or False?
true
Are expense accounts increased by credits?
true
An adjusting entry would adjust an expense account so the expense is reported when incurred?
True
Is depreciation expense listed on a balance sheet?
true
The systematic allocation of land's cost to expense is called depreciation?
true
Related questions
Which is true about the second necessary expense rule an expenditure must not be prohibited by law?
If affirmative authority does not exist, don't do it
Is the 5 second rule true?
the 5 second rule is not true there are still germs on it
You can maintain a proper following distance by using the three second rule true or false?
true
What is the two-second rule was designed for good weather and clear visibility?
true
Given the necessary expense rule and investment expense threshold which statement is true?
Since O&M items exceeding $250,000 fall within the scope of another appropriation (investment), you cannot use O&M funds to pay for them
Prepaid expenses are an example of an expense True or False?
true
Are expense accounts increased by credits?
true
An adjusting entry would adjust an expense account so the expense is reported when incurred?
True
Is depreciation expense listed on a balance sheet?
true
True or False special handling for all sensitive data including PHI requires accessing only what is necessary to complete a work related duty or job this is known as the minimum necessary rule?
Truetrue
A rule that is assumed to be true but is not proven?
A rule that is assumed to be true, but is not proven is a postulate
What is the meaning of true second in high school wrestling?
The rule can have slight variations, but in general "true second" means the 3rd place wrestler is given an opportunity to challenge the loser of the championship match if the 2 wrestlers have not already faced eachother.
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