Equity accounts in for-profit companies-federal government

Assignment Help Financial Accounting
Reference no: EM13863851

What is the equity-type account in the US federal government called? With what digit (number) do the equity accounts start? Provide an example of an equity account for the federal government. What (if anything) is different between the equity accounts in for-profit companies and the federal government? If applicable, list an equity account in for-profit entities that are not in the federal government, or state if there are no such accounts.

Reference no: EM13863851

Questions Cloud

Applications of the law within the health care system : Describe the sources of law in America, the relative legal procedure, and the related court system and examine the various applications of the law within the health care system.
Show the effect of the given transactions on the assets : Show the effect of the following transactions on the Assets, liabilities and capital through accounting equation: Rs. a) started business with cash 1,20,000 b) Rent Received 10,000.
The vendor receives payment for the goods : List the GL entries (debit and credit) for the following items - list debit/credit by date for each date listed. On February 2, 2015, the agency receives the goods – the goods are considered expenses, and are not considered personal or real property ..
Managerial accounting applies to each of the following types : Managerial accounting applies to each of the following types of businesses except
Equity accounts in for-profit companies-federal government : What is the equity-type account in the US federal government called? With what digit (number) do the equity accounts start? Provide an example of an equity account for the federal government. What (if anything) is different between the equity account..
Define the journalize the transactions : Journalize the transactions
What are the benefits from incorporating turbochargers : What are the benefits from incorporating turbochargers in 2-stroke slow- speed engines, and what are the potential safety hazards arising from their operation?
Enzymes and temperature : Describe the relationship between temperature and the enzymatic activity of lactase. Of the three temperatures tested, which is the optimal temperature for enzyme activity?
What is the audit opinion that the statements receive : What creates the US federal government-wide financial statements? Who audits the statements? What is the audit opinion that the statements receive? What do most federal (and non-federal) entities receive?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Journalize the transactions and prepare a trial balance

Journalize the transactions - Post to the ledger T-accounts and prepare a trial balance on April 30, 2014.

  Income taxes into account in its capital budgeting

The income tax rate is 30%. The after-tax discount rate is 14%. The company uses straight-line depreciation on all equipment; the annual depreciation expense will be $60,000. Assume cash flows occur at the end of the year except for the initial inves..

  How much cash was collected from customers

How much cash was collected from customers during the period and When preparing a bank reconciliation, which of the following items should be added to the book balance?

  Calculation of carrying value of the assetanbspa company

calculation of carrying value of the asset.a.nbspa company using the group method fro its delivery trucks retired one

  Prepare separate depreciation schedules for the machinery

Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. Round to the nearest dollar.

  Amount of gross profit does company report-income statement

The Intramural Sports Club reports sales revenue of $1,090,000. Inventory at both the beginning and end of the year totals $190,000. The inventory turnover ratio for the year is 4.9. What amount of gross profit does the company report in its income s..

  Journal entries for notes payable interest expense etcon

journal entries for notes payable interest expense etc.on nov. 1 aspen sports borrowed 75000 from chase bank on a 12

  Write a report to the client - geolab exploration limited

A two-column common-size statement of financial performance and statement of financial position for Geolab. The first column of each statement should present Geolab's common-size statement, and the second column should show the industry averages.

  Prepare a cash flow forecast for audiofile

Prepare a Cash Flow Forecast for AudioFile for the month of January 2013. Include appropriate supporting schedules.

  Question the city of baconsville engaged in the subsequent

question the city of baconsville engaged in the subsequent transactions. consider that the city maintains its books and

  What should be the carrying value of sullivan inventory

What should be the carrying value of Sullivan's inventory if the company prepares its financial statements according to International Financial Reporting Standards?

  How much of these amounts is taxable

The corporation owns five percent of the stock of the company paying the dividends. Based on these facts, how much of these amounts is taxable?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd