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1. In government wide financial statements, information about fiduciary funds should be presented in a discrete column to the right of the business type activities.2. In government wide financial statements, expenses for each program should be presented in such a way that charges for services directly related to the programs are shown to reduce the gross expenses of the programs.3. In government wide financial statements, interest on long term general obligation debt should be recognized in the period that the interest is due and payable.4. In government wide financial statements, real property tax revenues are recognized (net of estimated refunds and estimated uncollectible amounts) in the period for which the taxes are levied.5. The economic resources measurement focus and accrual basis of accounting are used in reporting on Enterprise Funds in both the fund statements and the government wide statements. 6. The existence of Internal Service Funds does not affect amounts reported as expenses in the governmental activities column of government wide financial statements, as compared with the expenditures reported in the fund statements.7. Fiduciary funds are reported in fund financial statements but are not reported in government wide financial statements.8. Only the major proprietary funds are reported in government- wide financial statements.
The fixed costs directly associated with Springfield's nursing division were estimated to be $9,000 a month for rent and other expenses. The variable costs of supplies (measured on a per-visit basis) were expected to be $30. Mr. Hoover believed th..
the following information relates to the city of millersville for the fiscal year ending 123113.1. total fund balance -
base on three preceding situations, explain the effects of the disposal of an asset??
Randall Company makes and distributes outdoor play equipment. Last year sales were $2,400,000, operating income was $600,000, and the assets used were $3,000,000.The return on investment (ROI) is:
What percentage of istock s needed to have one of her friends elected under the cumulative voting rule? (Do not round intermediate calculations and round your final answer to 2 decimal places.
Does the production-volume overhead variance measure the difference between the 54,000 and 46,000, or the difference between the 46,000 and the actual monthly production? Explain.
Journalize the contributions of Davis and Ghai to the partnership and prepare the partnership balance sheet at December 31, 2012.
from the enron case assume that you are new members of the board of directors for enron. what questions would you ask?
1. hien inc. uses machine-hours as the base to apply its manufacturing overhead. the following information relates to
win corporation sells a single product. budgeted sales for the year are anticipated to be 675521 units estimated
which of the following would not require the use of cost behavior analysis?. transferring production costs from one
Evaluate the importance of ethics in accounting. Do you think ethical behavior is more or less important in this profession than in others? Defend your position. Analyze the code of professional conduct, including enforceable and non-enforceable p..
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