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Describe the governmental funds. Specifically describe the characteristics of the general fund, the special revenue fund, the capital projects fund, the debt service fund, the permanent fund. Also discuss why these funds use modified accrual accounting and the financial resources measurement focus.
Using the indirect method, compute the net cash provided by operating activities for Year 2. Prepare a statement of cash flows for Year 2. Compute the free cash flow for Year 2. Briefly explain why cash declined so sharply during the year.
c) Often performance reviews do not achieve what they are intended to achieve. Explain to Petrawhat she needs to do to ensure performance reviews are effective, within the organisation. d) Explain how a performance appraisal system should link wit..
Which of the following products is least likely to be produced in a process operations system? Which of the following characteristics does not usually apply to process operations systems? Equivalent units of production are equal to: Which of the foll..
On January 1, 2016 Viking Corporation issued $400,000 of 10-year 6% semiannual bonds. The market rate at the time of the issuance was 8%. Were the bonds issued at a premium or a discount? How do you know? Suppose Viking received $345,644 for the bond..
s. a. harrington company is a u.s.-based company that prepares its consoli- dated financial statements in accordance
The Draber Company uses the allowance method based on the aging method to determine the estimated allowance for doubtful accounts- Given the above information, determine the estimated allowance for doubtful accounts at the end of the period.
Which of the following is an example of managing earnings downwards?
Is management accounting information developed in conformity with generally accepted accounting principles or some other set of prescribed standards. Explain.
If the allowance for doubtful accounts before any necessary adjustment is at $10,000, what adjustment will have to be made at the end of the period?
On December 31, 2015, Berclair Inc. had 600 million shares of common stock and 16 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. Compute Berclair’s basic and diluted earnings per share for the year ended Decem..
Agee Corporation acquired a 36% interest in Trent Company on January 1, 2015, for $520,000. At that time, Trent had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2015, Trent paid cash dividends of $158,000 and thereafter ..
What is the net present value of the proposed investment and cash flow impact of the equipment as well as the time-value of money, would you recommend that ABC Company purchases the equipment?
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