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General Long-term Liability and Capital Asset Transactions.
The Village of Nassau issued a 3-year, 6 percent note in the amount of $ 100,000 to finance the purchase of vehicles for the Public Works Department.
Required:
1. Record the issuance of the $100,000 note in the General Fund and the governmental activities general journals.
2. Record the purchase of vehicles in the amount of $100,000 in the General fund and governmental activities general journals.
3. Explain why the accounting treatment is different in the general Fund and governmental activities general journals.
Examine long-term borrowings in British Airways's balance sheet and the related note. What, if any, convertible securities does the company have outstanding?
What standards could be set within each of the three production departments of the company? How should standards be set? Who should be involved in setting the standards?
Average settlement period for trade receivables
Purpose any journal entry required as a direct result of the change or error correction as well as any adjusting entry for 2013 related to the situation described.
Factors that influence the composition of capital structure for WACC - What factors influence Coleman's composite WACC?
What action accept or else reject the offer do you recommend to Valstar's management? Explain why you recommend this action
any trend analysis should be done with care because the ratio is susceptible to quick changes and is easily influenced by management
How much of the long-term capital loss may be deducted in 2011, and how much is carried back or forward under the following circumstances?
On October 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them. Compute weighted average number of shares to be used in computing earnings per share for 2010.
How much overhead should be applied to the above customer order? After executing activity-based costing (ABC), the company's accountant identified the subsequent related information:
Verify the overall break-even point for the company by constructing a contribution format income statement showing the appropriate levels of sales for the two products.
The net income for the year is $30,000. What are the ending capital balances for each partner?
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