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A Water Enterprise Fund (EF) issues $4 million of 5% revenue bonds on October 1, 2004. The EF will make its first payment of interest on March 31, 2005, together with a principal payment of $200,000. What, if anything, should the EF report in its Statement of Revenues, Expenses, and Changes in Fund Net Assets for the year ended December 31, 2004?
On a statement of cash flows that uses the indirect approach, calculation of cash flow from operations treats depreciation as an adjustment to reported net income because:
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expenses are paid in the month incurred. if the company has budgeted to sell 6000 umbrellas in october how much is the
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As part of the initial investment, Omar contributes accounts receivable that had a balance of $25,000 in the accounts of a sole proprietorship. Of this amount, $1,150 is completely worthless. For the remaining accounts, the partnership will establ..
you are planning to take a major vacation 7 years from now. you deposit 3000 in the bank today earning an 6 rate of
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