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Questions -
1. Why is it difficult to develop accounting principles that are appropriate for governments within the same category (e.g., cities, counties) and even more difficult to develop them for governments within different categories?
2. Upon examining the balance sheet of a large city, you notice that the total assets of the general fund far exceed those of the combined total of the city's ten separate special revenue funds. Moreover, you observe that there are no funds for public safety, sanitation, health and welfare, and general administration-all important functions of the government.
Why do you suppose the city hasn't attempted to ‘‘even out'' the assets in the funds?
Why does it not maintain funds for each of its major functional areas?
What is the best way to handle manufacturing overhead costs in order to get the most timely job cost information?
a company purchased merchandise inventory at a cost of 4300 with credit terms 315 net 45. if the company elects to pay
a machine can be purchased for 10500 including transportanottion charges but installation costs will require 1500
Mark Company currently sells a video recorder with a selling price of $300 per unit. The variable expense per unit is $175 and fixed expenses are $100,000. If the company reduces variable expenses by $20 per unit and increases the fixed expenses b..
Prepare the journal entry for the equipment at December 31, 2015. The fair value of the equipment at December 31, 2015
Why would a proposal to eliminate the tax benefits of carried interest (performance fees) have a greater impact on the private equity industry?
Explain the DRG system and how it is used in healthcare. What role does a DRG system play in insurance and Medicare/Medicaid payments to medical service providers?
fde manufacturing company has a normal plant capacity of 37500 units per month. because of an extra large quantity of
developing responses to assessed risks your client general television inc. manufactures televisions and during the
State the level of materiality as immaterial, material, or high material. If you cannot decide the level of materially
why is the budget a far more important document for both government and not-for- profits than for
sales are made 20 for cash and 80 on credit. credit sales are collected 60 in the month of sale and 40 in the next
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