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The City of New Falls is planning to acquire furniture and fixtures for the mayor office and the council chambers. One of the council members, Ryan Cannedy, sent you a memo asking whether a Capital Projects Fund is needed to record the acquisition of the furniture. Write a memo in response to Council Member Cannedy.
if a loss contingency is probably or estimable but not both, what should we consider next? What must we disclose to the readers of the financial statements?
the prepaid insurance account had a balance of 10800 at the beginning of the year. the account was increased for 7200
murphy corporation has the following data pertaining to certain costs that cannot be easily identified as either fixed
After its first month of operation, the following amounts weretaken from the accounting records of Sandcastle Realty Inc. as ofJune 30, 2009. Prepare an income statement for the month ending June 30,2009.
Refer to the above information. What is the amount of Bob's bonus if the bonus is to be calculated on income before deducting the salary and interest on capital accounts, but after the bonus? Why?
maher inc. reported income from continuing operations before taxes during 2014 of 819000. additional transactions
mary jananes capital statement reveals that her drawings during the year were 50000. she made an additional capital
Prepare a presentation for upper level management to explain the process by which a privately held company would transition to publicly held company.
the information is available for completed job 402 direct materials 60000 direct labor 90000 manufacturing overhead
betty incurs the following transaction during the current year. without considering the transaction her 2013 agi is
In recent years, the amount of direct labor used in many industries has greatly increased and total overhead costs have significantly decreased.
Windsor advertising company's trial balance for december 31 shows advertising supplies $6700 and advertising supplies expense $0.on December 31,there are 2700 of supplies on hand. prepare the adjusting entry at December 31.
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