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!
Discussion: Journal Entery
Your city has decided to build a new library. The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. The bonds sold for $1.3 million, a premium of $100,000. Create the required journal entries for the following transactions:
• The budget for the library• The payment and receipt of funds from the general fund• The issuance of the bonds
o Assume that the premium remained in the capital projects fund.o Identify all of the funds required for these entries.o Discuss how the bond premium could be disposed.
In general terms, compare and contrast how expenditures are controlled in the general fund and in debt service funds. Explain why differences would occur.
A hotel shows office supplies such as stationary on its balance sheet as $500 asset, even though to any other hotel these supplies might have a value only a scrap paper. Which accounting principle or concept justifies this?
Explain how absorption costing could provide undesirable incentives to management to build inventory. Include in your assessment how to best set up absorption costing systems to avoid this incentive and what types of measures and controls should be..
Prepare another five year depreciation schedule for the computer using the double declining balance method. Use (copy) the headings used in Requirement a.
Who controls the budgets from which IT projects are funded at Volkswagen of America? Who should control these budgets? Should the IT department have its own budget?
mfg company experiences the following cost behavior patterns each week fixed costs supervisors salary 2000 factory rent
Beneficial's QPAI for purposes of the domestic production activites deduction is 600,000. Compute Beneficial's 2012 regular income tax liability and its AMT.
flights inc. is considering buying some specialized machinerythat would enable the company to obtain a six-year
Which of the methods used above will yield the lowest figure for ending inventory for the balance sheet? Explain why.
presented below is informatin related to anderson inc. 1balance as per books at 1.31.2013 41847.85 receipts 173523.91
you are on the staff of camden inc.the cfo believes project acceptance should be based on the npv but steve camden the
Goodwill effect on ROI and operating income. Goodwill arises when one firm acquires the net assets of another firm and pays more for those net assets than their current fair value.
Problem 1: Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the left of each item.
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