Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The two types of proprietary funds are:-
1) Enterprise funds - It is used to account the activity for which fee is charged to external users of goods or services. Activities are reported as enterprise funds in principal revenue sources, if the following criteria is met
i) The pricing policies of establish fees and charges design to recover the costs including capital costs like depreciation.
ii) Laws or regulations require activity cost of providing service including capital costs such as debt service to be recovered with fees and charges, rather than taxes.
iii) The activity is finances with debt which is secured only by pledge of net revenues from fees and charges of activity.
2) Internal service funds - It is used to account the provision of goods or services by one agency to other departments of the state, other governmental units on a cost reimbursement basis. Internal service funds should be used only if state is predominant participant in the activity.
In what sutation would these type of fund be used?
After the adoption of SFAS 158, the pension asset/liability on a company's books will be equal to:
Which of the following formulas should be used to calculate the economic rate of return on common stock?
What is the break-even point expressed in dollar sales? How many units must be sold to earn a net operating income of $100,000 per year? Prepare a formal income statement for the year ended December 31, 2011 under the following:
By how much will Appling's earnings be increased or decreased by the bonds (ignoring taxes) in the December 31 annual financial statements?
Calculate the total dollar amount of discount or premium amortization during the first year (5/1/04 through 4/30/05) these bonds were outstanding. (Show computations and round to the nearest dollar.)
The average remaining service period for employees expected to receive benefits is ten years. What is the amount of amortization to pension expense for year?
What are the accounting and reporting guidelines for a change in accounting principle related to depreciation methods?
Cost of goods manufactured equals $55,000 for 2010. Finished goods inventory is $2,000 at the beginning of the year and $5,500 at the end of the year. Beginning and ending work in process for 2010 are $4,000 and $5,000, respectively. How much is c..
On december 1, 2010, Hogan company purchased a tract of land as a factory site for 800,000. The old building on the property was razed, amd salvaged materials resulting from demolition were sold. Additional cost incurred and salvage proceeds reali..
(a) Prepare the journal entry to record Southern's tax expense for 2010. (b) Calculate Southern's net after tax income for 2010.
You read in the wall street journal that 30 day US treasury bills are currently yielding 8%. your brother in law, a broker, a broker at Kyoto Securities, has given you the following estimates of current interest rate premiums:
Wilson Company makes all sales all sales of industrial bearings under terms of FOB shipping point. The company usually receives orders for sales approximately one week before shipping inventory to customers.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd