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Instructional Objectives for this activity: Describe general and special revenue funds. The General Fund and the Special Revenue Fund are subject to comparable accounting and financial reporting principles and they have similar financial transactions.
Discuss answers to the following questions and justify your response:
Compare and contrast the General Fund and a Special Revenue Fund.
Explain an example of a Special Revenue Fund and how it might be used by government.
what is the impact if ENDING WORK IN-PROCESS INVENTORY increases by 20%? assume that all other inventory balances as given remain the same.
question 1on april 10 abc inc. enters in a swap contract for 10 years with a chartered bank to turn a fixed rate on
Provide the journal entries for 2013 to record the receipt of the principal payment on January 1 and the recognition of interest revenue as of December 31, assuming that Tortuga's assessment of the collectibility of the loan has not changed.
Gander determines that a $500,000 distribution to its shareholders is appropriate at some point during the year, what is the maximum amount of the distribution that could potentially be treated as a dividend?
Net sales for the period was $45,000 and cost of sales was $28,000. Compute the gross profit percentage for the current year. What does this ratio measure?
The regular common and preferred dividends were paid in 2009. Compute basic and diluted earnings per share for 2009.
Describe b riefly the substance over form concept and exactly what it requires. What responsibility, if any, do auditors have when a client violates this principle
Assuming the company's cost of capital is 12 percent, what is the profitability index for the project? (Round to one decimal place.)
Create a table of entities and activities. Illustrate a context diagram. Illustrate a physical data flow diagram (DFD).
How are the effects of these transactions reported on the statement of cash flows and how are the effects of these transactions reported on the statement of cash flows?
disclosure of notes payable in financial statements.a. at december 31 2007 reed corp owed notes payable of 1000000 with
comparison of mutually exclusive projects based on eac.comparing investment criteria consider the following two
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