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This is for government and not for profit governemtal accounting.financial statements must be adjusted to ensure proper accounting of internal service fund activities.
per city policy, the telecommunications department bills other departments for the actual cost of providing its services.
1. how is each of the following reported in the city's government-wide statement of net assets and statement of activities?
a. the billing of the internal service funfb. the year end accounts receivable and payable
2. how is each of the following reported in the balance sheets and statement of revenues and expenditures or expenses of the individual government and proprietary funds to which the internal service fund provides services and of the internal service fund itself?a. the billing from the internal service fundb. the year-end accounts payable and receivable
3. internal services funds are classified as proprietary funds. yet, in the government-wide statements, their assets and liabilities that have not been eliminated in the consolidation process are reported in the governmental activities column. how can you justify this apparent inconsistency.
The loss rate is expected to be 1 ounce of pecans for every 5 ounces inspected. Under traditional standard costing, how many ounces of pecans should Holiday use as a standard quantity per fruitcake?
cardinal paz corp. carries an account in its general ledger called investments which contained debits for investment
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Transport reveal these transactions and events.
Consider the one-factor APT. The variance of the return on the factor portfolio is .08. The beta of a well-diversified portfolio on the factor is 1.2. The variance of the return on the well-diversified portfolio is approximately _________.
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Selling and administrative expenses were $508,000. Income taxes should be computed at 40 percent. Prepare a statement of cost of goods manufactured for the first quarter of 20xx.
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Assignment 2: Public University Analysis Select a public university system-UNIVERSITY OF ALABAMA/TUSCALOOSA and review the financial statements and audit report for the system.
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