User Account

All Pages

Compare and contrast proprietary fund reporting

Assignment Help Accounting Basics
Reference no: EM13123570

Compare and contrast proprietary fund reporting under GASB No.34 with GAAP financial reporting for non-governmental entities. Examine why GASB requires the direct method for cash flow statements in the proprietary funds instead of allowing the direct or indirect method.

Reference no: EM13123570

Questions Cloud

Use histogram to find how many points are out of control : Use the histogram to determine how many points are out of control according to the upper control limit and lower control limit.
What would be the entry using ifrs : Kramer has two primary bank accounts. At December 31, 2012, one of these accounts had bank overdrafts that caused the balance to have a negative balance of 100,000. The other bank account had a balance greater than 500,000. Kramer recorded the 100..
What are the advantages of flexible exchange rates : Flexible Exchange Rate - What are the advantages of flexible exchange rates respect to fixed exchange rates? Are there disadvantages?
Company balance sheet at the end of the month : The professor, who knew that Joe worked as a factory supervisor, had said that some of Joe's salary could end up on the company's balance sheet at the end of the month. This didn't make any sense to Joe since he gets the salary, not the company.
Compare and contrast proprietary fund reporting : Compare and contrast proprietary fund reporting under GASB No.34 with GAAP financial reporting for non-governmental entities. Examine why GASB requires the direct method for cash flow statements in the proprietary funds instead of allowing the dir..
Find the range of optimality for cx : Find the range of optimality for Cx, You are given a linear programming problem that has already been solved. The following conditions hold
Find probability of getting at least boys among babies : Find the probability of getting at least 127 boys among 152 babies. Does the result suggest that the YSORT method is effective? Why or why not?
Joining nodes and ancestors : Let G be an undirected graph, and let T be the spanning tree genereted by a depth-first search of G. Prove that an edge of G that has no corresponding edge in T cannot join nodes in differect branches of the tree
What types of industries have unearned revenue : What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a schedule of cash collections

Prepare a schedule of cash collections for January, February, and March and for the quarter in total, Prepare a production budget for January, February, and March and for the quarter in total.

  Write a memo to vice president explaining nature of risk

When designing an information system, the designers are increasingly concerned with the risks associated with technology and information system. Write a memo to the Vice President explaining to him the general nature of risk.

  Investment in municipal bonds income state

In 2009, Osgood Corporation purchased $4 million in ten-year municipal bonds at face value. On December 31, 2011, the bonds had a market value of $3,600,000 and Osgood reclassified the bonds from held to maturity to trading securities.

  Estate tax exemption problem

Gift tax returns were filed reporting these gifts. How much of her estate is subject to federal estate tax after considering the estate tax exemption?

  Financial impact of buying ct unit

The user has updated the question: User's response: Calculate the financial impact of buying a CT unit that would cost $3.0 million, would have a five-year useful life, would have a 10 percent salvage value.

  Pension funds of a private company

Discuss the pros and cons of the U.S. Federal Government guaranteeing the pension funds of a private company when it declares bankruptcy. And whether the U.S. Federal Government should guarantee and state your rationale.

  Determining transaction fee of underwriting

Sherman Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share. Management negotiated a fee (the underwriting spread) of 7% on this transaction.

  Question on private business competition

Choose an article on Private Business Competition from a professional, economic, or management journal published in the last ten years such as The Freeman: Ideas On Liberty, The Economist, Forbes, The Cato Journal, Harvard Business Review, or Sloa..

  Journal entries related to long term bonds

Prepare journal entries to record the following transactions related to long-term bonds of XYZ Co. On July 1, 2008 XYZ retired $150,000 of the bonds at 102 plus accrued interest. XYZ uses straight-line amortization.

  Five-year lease agreement

Depreciation is recorded on a straight-line basis at end of each fiscal year. The useful life of equipment is five years.

  Describe the discrepancy between diamond foods

Describe the discrepancy between Diamond Foods, Inc.'s description of payments to walnut growers and what the farmers themselves say the payments are for

  Specific labour and overhead costs

What specific labour and overhead costs would be incurred, both before and after the split off point? Again, be specific here in terms of what you think would need to be incurred.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd