Governmental fund statements

Reference no: EM1362346

9. Assuming that a government will collect its sales taxes in sufficient time to satisfy the available criterion, it would ordinarily recognize revenue from sales taxes in its governmental fund statements
a. when the underlying sales transaction takes place
b. on the date the merchant must remit the taxes to the government
c. on the date the merchant must file a tax return
d. when the taxes are received by the government

10. Assuming that a government will collect its sales taxes in sufficient time to satisfy the available criterion, it would ordinarily recognize revenue from sales taxes in its government-wide statements
a. when the underlying sales transaction takes place
b. on the date the merchant must remit the taxes to the government
c. on the date the merchant must file a tax return
d. when the taxes are received by the government

Reference no: EM1362346

Questions Cloud

Issue of junk food tax : What do you think of the "junk food" tax? Do you think it is a good method of deterring people (parents and kids) from purchasing junk food?

Explain what type of organization do you want : Explain What type of organization do you want to work for in the future and Do you believe that strong communication skills are necessary in every type of organization?

Explain how many bushels of corn are purchased by consumers : Explain how many bushels of corn are purchased by consumers and at what price. How many bushels of corn are purchased by the government and at what price.

Show business related strengths : Show Business Related Strengths - Prepare a paper specific to me relating to my own career and business related strengths.

Governmental fund statements : Suppose that a government will collect its sales taxes in sufficient time to satisfy available criterion, it would ordinarily recognize revenue from sales taxes in,

What technology available to produce your product suddenly : you should note whether the scenario indicates a shift of the curve or movement along the curve. you are a supplier of widgets. What technology available to produce your product suddenly improves.

Deadlock in negotiations : Explain this process and illustrate how the third party intervener could have helped you negotiate. Please be as specific and detailed as possible.

Food source and types of deficiencies : Name and describe all the fat soluble vitamins, their food source and types of deficiencies?

Explain it is also important for managers to understand : Explain It is also important for managers to understand how to use power and politics in organizational operations.

User Account

All Pages