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Mayor Meier served for many years as the chief executive officer of a city. During that time he used his red pencil liberally when reviewing the draft of the introductory section of the CAFR, prepared by finance director Ted Gee. For example, when Ted made reference to large amounts of accumulating leave and unsettled claims that might affect future General Fund expenditures, Meier struck it out. When Ted discussed the implications of the city, recent issuance of large amounts of general obligation debt, with debt service payments scheduled to begin 10 years after the bonds were issued, Meier crossed it out. When Ted mentioned in the introductory section that the city had been neglecting to maintain its capital assets, Meier struck that out also. Ted never even bothered to mention that the city, credit rating had been gradually reduced during Meier tenure knowing that the mayor would surely delete it.Last year, the city implemented the requirements of GASB Statement No. 34. Ted Gee read its requirements carefully. He made the necessary accruals when he prepared the government wide financial statements. He also concluded that many of the deleted comments he had made in previous years, drafts of the introductory section and other comments that he hadn't made should now be made in the MD & A. Ted made all the comments he felt were needed to comply with the MD & A requirements of GASB Statement No. 34 and gave his draft of the MD & A to the mayor. The mayor applied his red pencil in the usual manner and dumped the draft on Ted, desk. What should Ted do?
yut company paid a utility bill of 500 and paid rent of 700 in december. by how much would these events reduce
carl warren tina chester owns and operates pinebush print co. during september pinebrush print co. incurred the
Fred Fisher is a licensed scuba diver who lives in Key Largo. He is employed full-time as an engineer. Five years ago he had been employed as a professional diver for a salvage company. While working for the salvage company, he became interest..
anthony company uses a perpetual inventory system. it entered into the following purchases and sales transactions for
in the following reaction the cyanoacetate is first treated with methoxide and then slowly added to the aldehyde. draw
Examine the effect of changes in the variable cost / fixed cost structure of the company on cost- volume analysis decisions by managers.
An example using a specific company that conducts business both in the U.S. and at least one other country would be most appropriate in answering this question and most appreciated.
Mr. Robbins medical records indicated that a total of 20 labor hours were directly used in providing his care. The cost of the labor was $380. It was expected before the beginning of the year that a total of 90,000 direct labor hours would be cons..
gertrude and gerald are the general partners of a limited liability partnership called real estate development ltd.
On june 30, 2012, mackes company issued 5,000,000 face value of 13%, 20 year bonds at $5,376,150, a yield of 12%. Mackes uses the effective-interest method to amortize bond premium of discount. the bonds pay semiannual interest on june 30 and dece..
Submit a paper on one of the major topics listed below using one of the recommended journal articles found in the syllabus as the basis for the paper and incorporating at least two other related articles of the student's choice:
actuary and trustee reports indicate the following changes in the pbo and plan assets of douglas-roberts industries
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