How would you respond to the press

Assignment Help Accounting Basics
Reference no: EM13867571

During a heated campaign for mayor of Hoschkosh an unsuccessful candidate said I will do away with all the special interests in government. I will abolish all the Special Revenue Funds and merge that money with the general operating resources of the city. You are the successful candidate in that race  and now the local press is pressuring you to respond to the campaign promise of the other candidate. How would you respond to the press?

Reference no: EM13867571

Questions Cloud

Fiduciary type funds and the accounting measurements : State whether the following sentences are true or false regarding the nature of fiduciary type funds and the accounting measurements within them. If the sentence is false, state why.
A typical agency fund shows assets and liabilities : The statement of net position for a typical Agency Fund shows assets and liabilities but no fund balance. When reporting on the resources of Pension Trust Funds equity securities held by the Funds are reported at original cost.
When a government sponsors an investment trust fund : When a government sponsors an Investment Trust Fund the portion that belongs to other governments is reported as assets of the Fund but the portion belonging to the sponsoring government is not.
How should the finance commissioner respond to the mayor : I promised to put more police patrols on the street. Let, use the bond proceeds to hire more police officers How should the finance commissioner respond to the mayor?
How would you respond to the press : I will abolish all the Special Revenue Funds and merge that money with the general operating resources of the city You are the successful candidate in that race  and now the local press is pressuring you to respond to the campaign promise of the o..
Discuss the fund accounting implications of the finance : The finance commissioner replies Yes  that will save us lots of money, but we will need to change our accounting system a bit to handle it Discuss the fund accounting implications of the finance commissioner  reply.
Calculate the amount of the adjustment to rowet company ''s : At the end of 2010, Rowet Company reported a deferred tax liability of $6,120 based on an income tax rate of 30%. On June 1, 2011 Congress changed the income tax rate to 35%.
Describe the fund accounting implications of adopting : The mayor likes the suggestion and wants to run the sanitation activity like a commercial business. Describe the fund accounting implications of adopting that suggestion.
Cooke company purchased an asset : At the beginning of 2010, its first year of operations, Cooke Company purchased an asset for $100,000. This asset has an eight-year economic life with no residual value, and it is being depreciated by the straight-line method for financial reporting ..

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Sandra owned an equipment rental business in her sole name

sandra owned an equipment rental business in her sole name for four years. after her business advisors suggested that

  Cindy braun created a corporation providing legal services

cindy braun created a corporation providing legal services cindy braun inc. on july 1 2014. on july 31 the balance

  Brooks inc has issued three types of debt on january 1 2014

brooks inc. has issued three types of debt on january 1 2014 the start of the companys fiscal year.a 5 million 20-year

  Josh sold a piece of business equipment that had an

josh sold a piece of business equipment that had an adjusted basis to him of 50000. in return for the equipment josh

  Preparing a suspense account

Required: Given rectifying entries and prepares a suspense account.

  What dollar amount of supplies will be included

The January 1 inventory of supplies in an Internal Service Fund is $9,000. The fund purchases $23,000 of supplies during the year. The December 31 inventory of supplies is $6,000. If the pricing objective of the fund is to be achieved, what dollar..

  Joe is 50 years old unmarried without children and has

joe is 50 years old unmarried without children and has earnings during 2011 of 8000. he is not claimed as a dependent

  Which financial statement is employed to find out cash

which financial statement is used to determine cash generated from operations?a. income statementb. statement of

  Ab and c are partners with capital balances of 50000 30000

ab and c are partners with capital balances of 50000 30000 and 20000 and who share in the profit and loss of the abc

  Nottaway flooring produces custom-made floor tiles the

nottaway flooring produces custom-made floor tiles. the companys raw material inventory account contains both direct

  During may all direct materials are transferred from

the inventory at may 1 and the costs charged to work in process-department b during may for stella company are as

  Calculate the depreciation expense of machinery for the year

Calculate the book value of machinery for the year ended June 30, 2004. Calculate the depreciation expense of machinery for the year ended June 30, 2005.

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!

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