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The City of Faberville is evaluating which of its funds it will present as a major fund in its fund financial statements at Dec. 31 Yr. 1. The city presents the following partial listing of asset data a Dec 31, yr 1
-Total Government Fund ype assest $3,000,000-Total Enterprise fund assets $2,000,000-General Fund assets $280,000-Community Development special revenue fund $290,000-Sales Tax Special Revenue Fund $350,000-General Revenue bonds debt service fund $120,000-Faberville River bridge capital project fund $1,500,000-Faberville Water & Sewer utility fund $1,800,000-Faberville landfill
Based purely on assets, how many funds should be displayed as major funds?
Is Cost-Volume-Profit Analysis still relevant in the 21st Century business organization? Support your answer with reasoned arguments and references as appropriate.
The stockholder's equity accounts of Lawrence Company have the folowing balance on December 31, 2010. Common stock, $10 par, 274,000 shares issued and outstanding $2,740,000, Paid-in capital in excess of par $1,200,000, Retained Earnings $5,600,00..
A business simulation game that is used by colleges and universities all over the world has students submit decisions over the Internet. Decisions are stored online, processed on the server, and then the results are stored online.
What is the appropriate accounting treatment for the value assigned to an in-process research and development acquired in a business combination?
Duncan Brooks, Co., needs to borrow $500,000 to open new stores. Brooks can borrow $500,000 by issuing 5%, 10-year bonds at a price of 96. How much will Brooks actually receive in cash under this arrangement? How much must Brooks pay back at matur..
At normal capacity of 8,000 units, budgeted manufacturing overhead is: $48,000 variable and $135,000 fixed. If Wayman had actual overhead costs of $187,500 for 9,000 units produced, what is the difference between actual and budgeted costs
Samantha owned 1,000 shares in Evita, Inc., an S corporation that uses the calendar year. On October 11, 2010 Samantha sells all of her Evita stock. Her basis at the beginning of 2010 was $60,000. Her share of the corporate income for 2010 was $22..
How much are total manufacturing costs for the period?
Expenses paid during 2008 were $80,000. Expenses paid in advance were $4,000 as at December 31, 2007, and the balance of expenses paid in advance was $8,000 as at December 31, 2008.
Can you provide me with some ideas for a project which entails choosing four companies that are in the same industry and similar in size (total revenues or total assets) from companies included on the Standard and Poor's (S&P 500)?
When an MNC is considering financing a portion of a foreign project within the foreign country, the best method to account for a foreign project's risk is to:
Prepare a schedule of future taxable and deductible amounts. Prepare the journal entry to record income tax expense, deferred taxes, and income taxes payable for 2007, assuming a tax rate of 40% for all years
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