User Account

All Pages

The trial balance shows all the information

Assignment Help Accounting Basics
Reference no: EM13872464

The City of Breukelen maintains a rapid transit system, which is accounted for in a proprietary fund called Breukelen RTS. The following excerpt from the trial balance shows all the information needed to prepare an operating statement. Therefore, prepare a statement of revenues, expenses, and changes in fund net position for the Breukelen RTS for the year ended December 31, 2012, using the appropriate format.
Revenues from fares ............ $ 3,150,000
Train operating expenses........... 2,430,000
Track and train maintenance expenses.... 565,000
Depreciation ............... 325,000
Investment income ............ 50,000
Interest expense on long- term debt..... 320,000
Cash subsidy from the City of Breukelen .. 500,000
Net assets, January 1, 2012 ........... 7,430,000

Reference no: EM13872464

Questions Cloud

How you would measure growth in sports marketing industry : Provide 3 examples of how you would measure growth in the sports marketing industry. What evidence do you have that the number of people participating in sports is growing
During the course of clearing the land : At December 31, 2009, certain accounts included in the property, plant, and equipment section of the Townsand Company's balance sheet had the following balances:
Define the strategic sports marketing process : Define the strategic sports marketing process and discuss the various elements in the strategic sports marketing process
Did matt make a good purchase : The beta of ACE stock is 0.98 and the market''s risk-free rate is 4.0%. no dividends were paid. based on Jensen''s measure, did Matt make a good purchase
The trial balance shows all the information : The City of Breukelen maintains a rapid transit system, which is accounted for in a proprietary fund called Breukelen RTS. The following excerpt from the trial balance shows all the information needed to prepare an operating statement.
What is probability that selected homes have security system : What is the probability all three of the selected homes have a security system?
Curvature radius r of the point trajectory : Find how the curvature radius R of the point's trajectory and the total acceleration w depend on the distance covered s.
Stratsim simulation marketing strategy : Paper about 6 pages about StratSim Marketing Simulation Game.( 1 pages for each decision period)
General fund statement of revenues, expenditures, and change : Prepare the county, General Fund statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2012. Consider the proceeds from the sale and leaseback of an office building as a special item.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What should you be willing to pay

There will be no residual value at that time. Considering the uncertainty in your estimates, you expect to earn 9 percent per year on the investment. What should you be willing to pay for this investment now?

  Clary jensen farms purchased power equipment with an

clary jensen farms purchased power equipment with an expected useful life of four years or 1000 hours of usage. the

  A real estate company fails to accrue commission revenue

If a real estate company fails to accrue commission revenue.(a).liabilities are overstated, and owner's equity is understated.(b). Assets are understated, and net income is understated. (c). Net income is understated, and stockholders' equity ..

  A vertically integrated company realizes profits from the

which of the above statements represent advantages to a company that is vertically integrated?i. a vertically

  Marital systems of a country

Briefly discuss the economic, political, educational, family, and marital systems of a country of your choice. When doing business in the chosen country, what kind of social hierarchies and social interactions should you be aware of?

  Allocation of administrative costs

Nashville Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and long-run monthly usage of staff hours for Operating Departments 1 and 2 follow:

  Franco and elisa share income equally during the current

franco and elisa share income equally. during the current year the partnership net income was 40000. franco made

  Osha and apwa safety colors chart

According to the OSHA and APWA Safety Colors chart, which of the following is a correct match?

  Review of relevant accounting principles

Conduct a review of relevant accounting principles related to mergers. Explain key components of the acquisition method of accounting. How does a consolidated firm report financial results when the acquired firm remains a separate corporate entity..

  Prepare a statement of cash flows

Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company?

  The current assets and current liabilities sections

The current assets and current liabilities sections

  Standard price per unit for direct materials

If the price per unit differs from the standard price per unit for direct materials, the variance is:

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