Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
(Multiple Choice)1. The fee for the collection of property taxes by an Agency Fund will result in revenue in which of the following funds?a. General Fund and Agency Fundb. Agency Fundc. Capital Projects Fundd. Special Revenue Fund and Agency Funde. None of the above2. Blaken Township established an Agency Fund to account for the collection and distribution of a general sales tax. The tax is collected for the General Fund, an independent school district, and several independent drainage districts. The school district and the drainage districts are entities that are separate from the city. During the year, $ 500,000 was collected in sales taxes. Entries to record the collection and distribution of the resources for the city are recorded in which of the following funds?a. General Fundb. Agency Fundc. General Fund and Agency Fundd. Special Revenue Fund and Agency Funde. None of the above3. Collection of resources that must be distributed to other funds should be recorded in an Agency Fund as a debit to Cash and a credit to which account?a. Liabilityb. Expendituresc. Revenuesd. Other financing sourcese. Other financing uses4. Which of the following funds does not have a fund balance account or net position account?a. General Fundb. Special Revenue Fundc. Capital Projects Fundd. Permanent Funde. Agency Fund5. For which of the following activities might an Agency Fund be used?a. Revenue generated from a property tax levyb. Expenditures of the General Fundc. Debt service for Enterprise Fund debtd. Debt service of general obligation bonds used to finance an addition to city halle. None of the above6. According to GAAP for Pension Trust Funds, which of the following is true?a. Revenues must be transferred to a Permanent Fund.b. Payments of resources are recorded as deductions.c. There is no concept of fund balance or net position.d. All disbursements must be made to the General Fund.e. None of the above
hector p. wastrel a careless employee left some combustible materials near an open flame in salter companys plant. the
soda company is the largest bottler in western europe. the company purchases brand 1 and brand 2 concentrate from the
the following overhead cost information is available activity-------allocation base---------overhead cost
What is the interest cost to be included in the current year's postretirement benefit expense?
green corporation a calendar year taxpayer had a deficit in accumulated eampp of 250000 at the beginning of the current
the baldwin company will sell 100 units x1000 of capacity from their brat product line. each unit of capacity is worth
In 2003 the company estimates that direct material cost and direct labour cost will increase by 12 percent. It also estimates that overhead cost will increase by a total of $ 6,000 and that selling and administrative cost and sales volume will rem..
Expenses paid during 2008 were $80,000. Expenses paid in advance were $4,000 as at December 31, 2007, and the balance of expenses paid in advance was $8,000 as at December 31, 2008.
guill corporation was undergoing reorganization under the bankruptcy laws. the shareholders who had made loans of
Why is it important to keep paid-in capital separate from earned capital?
Horizontal Analysis of Income Statement and Balance Sheet
A record in which the effects of transactions are first recorded and from which transaction amounts are posted to the ledger is a(n)
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd