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A government's unassigned fund balance in the general fund at year-end should be indicative of the amount that the government has available for appropriation in future years. Explain and provide an example to support your answer. What is meant by an in-substance defeasance, and how can a government use it to lower its interest costs? How must it recognize a gain or loss on defeasance if it accounts for the debt in a proprietary fund? How do the GASB standards pertaining to in-substance defeasances differ from those of the FASB?
hopkins manufactures a single product with the following full unit costs for 6000 units direct materials 80 direct
cpm construction plans to buy a truck for 150000and sell it for 15000 at the end of 5 years. the annual operating cost
paul swanson has an opportunity to acquire a franchise from the yogurt place inc. to dispense frozen yogurt products
On December 31, 2011, Wellstone Company reported net income of $70,000 and sales of $210,000. The company also reported beginning and ending accounts receivable at $20,000 and $25,000, respectively. Wellstone will report cash collected from custom..
Actual production in November was 3,100 units of Titactium. There was a favourable materials price variance of $380 and an unfavourable materials quantity variance of $120. Based on these variances, what could one assume?
wiater company operates a small manufacturing facility. on jan. 12010 an asset account for the company showed the
excel company has costs of 100000 up to split off. at split off it has 1000 units of product a and 2000 units of
taurus tools has developed a new kitchenutensil. the firm has conducted significant market research and estimated the
Prepare a report for your client and a description of the core business of the company including full details of its operating activities.
angela peters practiced law with a partnership for 10 years. recently she opened her own law office which she operates
Albany Trading operates in a very competitive field. To maintain its market position, it purchased two new machines for cash on 1 January 2011. It had previously rented its machines.
On November 8, 2003, Power Corp. sold land to Wood Co., its wholly owned subsidiary. The land cost $61,500 and was sold to Wood for $89,000. From the perspective of the combination, when is the gain on the sale of the land realized?
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