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The county of Edvic is facing a General Fund deficit in 2013 because actual tax collections are lagging behind estimates. At a staff meeting, the village manager tells the chief of public works that the chief will need to terminate one employee in April to help keep the budget in balance. The chief of public works says:I have a better idea. You know that state grant the finance commissioner put into a Special Revenue Fund because it could be used only for planting trees along the highways? Why don, I just tell one of my boys to fill out his time sheets so that the time he spends changing street light bulbs is charged against the Special Revenue Fund. Neither our finance commissioner nor the state will ever know the difference. How should the village manager respond?
Solare company acquired mineral rights for 60,000,000. The diamond deposit is estimated at 6,000,000 tons. During the current year , 2,300,000 were mined and sold.. A-determined de depletion rate.
1.lloyd christmas ltd.s accounting records reflect the following account balances
Prepare a letter to your client that would be accepted by an Australian accounting firm or business as ‘envelope-ready’, that is, ready to be sent to the client. This requires correct accounting information in an appropriate form of communication.
presented below is information related to michelle company. retained earnings december 31 2010 2750000 sales 2000000
turks sells miniature digital cameras for 400 each. 900 units were sold in may and it forecasts 5 growth in unit sales
Multiple models are often used in supporting business decision making. Why might this be the case and what factors may dictate the need for multiple models?
prepare journal entries in the internal service fund to record the transactions internal service funds are accounted
write a short summary explaining the following search online sources for business headlines from the last 6 months.
hope amp crosby co. reports net income of 34000. the partnership agreement provides for annual salaries of 24000 for
The Internal Revenue Code
Koel corporation acquired all the voting stock of Rain company for $500,000 on January 1, 2005 when Rain had capital stock of $300,000 and retained earnings of $150,000.
Beige Corporation (a calendar year taxpayer) has taxable income of $150,000, and its financial records reflect the following for the year.
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