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Do you think budgetary accounting and budgetary reporting is a good thing? Discussion Question The discussion question this week is on the topic of budgets. Do you think budgetary accounting and budgetary reporting is a good thing? Does it fulfill the original purpose for which it was intended? Is the current budget system working efficiently? What changes would you suggest?
Requirement 1 ($ in millions) 2011 2012 2013 Contract price $340 340 340 Actual costs to date $70 150 200 Estimated costs to complete $150 90 0 Total estimated costs $220 240 200 Estimated gross profit (actual in 2013) $ 120 100 140
The balance of mortgage payable at a given balance sheet date will be reported as a long-term liability.
Prepare the bank reconciliation as of May 31, 2007. Prepare the necessary adjusting entries at May 31, 2007.
You have been hired as the manager of a portfolio of ten sport asssets that are held in equal dollar amount. the current beta of the portfolio is 1.9 and the beta of asset A is 2.1. if the asset A is sold and the proceeds are used to purchase a re..
Paris had no liabilities. The fair values of Paris" assets were $2,500,000. Paris"s only non-current assets were land and equipment with fair values of $160,000 and $640,000, respectively. At what value will the equipment be recorded by Raphael?
assignment 1prepare solutions to the following questions concerning topics covered in the first half of the
What is a steering committee and what role can they play in planning for the acquisition of new computers. What initial actions should this new committee take?
write a 350-word response regarding the differences between the direct and indirect presentation of cash flows. why
He does not elect to expense any of the asset under S 179 or elect straight line cost recovery. He elects not to take additional first year depreciation. He sells the asset on August 25, 2010 . This is the only asset he acquires in 2009. Determine..
a person borrows 1375 at 11.5 simple interest. a payment of 320 at the end of 2 years and a payment of 640 is made at
What is the purpose of the chart of accounts? Why are internal controls and audit trails important in a computerized accounting system?
The City of Southern Pines reported the following at year-end, prior to closing entries: Revenues, $11,000,000; Expenditures, $10,100,000; Other Financing Uses, $500,000;
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