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Each department in a large city maintains its own fleet of vehicles. The cost of purchasing and maintaining the vehicles is financed through the General Fund. One day the mayor walks past the parking lot of the Parks Department and notices that many vehicles are not being used. The mayor calls her finance commissioner into the office and says Couldn, we save money by setting up a central motor pool and requiring each department to use a pool vehicle whenever they need one?,The finance commissioner replies Yes that will save us lots of money, but we will need to change our accounting system a bit to handle it Discuss the fund accounting implications of the finance commissioner reply.
during the current year kim incurs the following expenses with respect to her beachfront condominium in hawaiiitems
1. discuss the nature of accounting misstatements and the implication of each t fair presentation of the financial
casey companys bank statement shows a bank balance of 43267. the statement shows a bank service charge of 50. caseys
The interest is computed based on the beginning balance of the loan for the month. The company has a cash balance of $20,000 and a loan balance of $40,000 at January 1. Prepare monthly cash budgets for each of the first three months of next year.
as you examined this week netflix and its competitors have faced interesting decisions regarding product offerings and
At the time of his death on June 6, 2011 Keith was involved in the following real estate.
1. describe an incremental cash flow for a project. describe three 3 concepts we need to examine to help understand
you want to buy a new ski boat 2 years from now and you plan to save 8200 per year beginning one year from today. you
watson amp holmes sports inc. issued some 5-year 6 mortgage bonds with a face amount of 5000000 to finance a state of
cook company estimates that 344900direct labor hours will be worked during the coming year 2014 in the packaging
gomez corporation a manufacturer of household paints is preparing annual financial statements at december 31 2011.
In April 2007 of this year, Emma acquired a machine for $50,000 for use in her business. The machine is classified as 7-year property. Emma makes no elections with regard to the property. Emma's depreciation on the machine this year is
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