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1. What restriction on federal employees are contained in the the Antideficiency Act? Give an example of each.
2. The Government Performance Results Act addresses performance plans and reports. What must be included in these plans and reports?
3. Discuss why Best Practices Federal Financial Statement Preparation includes discussions of lessons learned.
4. Referencing the FASAB, The Department of State and USAID released a Joint Summary of Performance and Financial Information for FY 2011. The Summary describes the performance and accomplishments achieved by State and USAID toward the highest U.S. diplomatic and development objectives. The Summary provides information on both agencies' financial and performance results with the goal of promoting greater accountability and transparency to Congress, the American public, and other key constituents. What date was this report released?
Using a traditional costing system based upon direct labor hours, compute the unit product costs for flims and flams as well as contribution margin per unit.
What are the tax consequences of the building sale to Kevin Broid, and how did you approach the solution?
Why the small business need recording system in their business. What are the advantages of recording system in small business
Caculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 430 units occurred on June 15 for a selling price of $8 and a sale of 370 units ib June 27 for..
Give the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for each..
On November 8, 2003, Power Corp. sold land to Wood Co., its wholly owned subsidiary. The land cost $61,500 and was sold to Wood for $89,000. From the perspective of the combination, when is the gain on the sale of the land realized?
Product-cost cross- subsidization is less likely to occur when: a) a single cost pool is used b) little effort is mae to trace cost objects c) a peanut butter approach is used to allocate overhead d) none of the above
Assume that the quantity demanded at the price calculated in part a is only 600 units. What is the full cost of the globe, and what is the price with a 25 percent markup?
Straight-line depreciation is used. Demers reported net income of $28,000 and $32,000 for 2006 and 2007, respectively. Compute the gain recognized by Demers Company relating to the equipment for 2006:
John-Bob's share of losses from Partnership Z during 2010 was $60,000. How much is John-Bob at risk for Partnership Z on January 1, 2011?
Prepare journal entries in good form for the following transactions for the Goodland Company. Omit explanations. (So that a line won't be automatically skipped, you may hold the shift & enter.)
In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct and indirect method.
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