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General capital assets are accounted for differently in fund governmental-wide financial statements.
A city engaged in the following transactions during a year.a. it acquired computer equipment at a cost of $40,000.b. it completed construction of a new jail, incurring $245,000 in new costs. in the previous year, th city had incurred $2.5 millin construction costs. the project was accounted for in a capital project fund.c. it sold for $16,000 land that it had acquired three years earlier for $28,000.
1. prepare journal entries to reflet the transactions in an appropriate governmental fund (e.g., a gneral fund, or a capital projects fund).2. prepare journal entries to reflect the transactions in the city's government-wide statements.
alternative a alternative b present value of costs incurred for selecting the alternative prior to knowing which state
hills company purchased inventory from a foreign supplier on november 30 2013 for 80000 local currency units lcu.
Debbie has $368,882 accumulated in a 401K plan. The fund is earning a low, but safe, 3% per year. The withdrawals will take place annually starting today. How soon will the fund be exhausted if Debbie withdraws $30,000 each year? How many years?
On the problems you just completed for me, how did you come up with the cost price to the retailer of $7.11? I understand the profit margin is 40% so wouldn't that mean that 9.95*.60=5.97 would be the cost to retailer?
Explain why an audit of internal control provides value to the investing public. Explain the importance of an audit committee to the reliability of the financial statements and the audit function
you are working as an accountant for the government and you have newly elected board members who are businesspeople
Renee's Rings manufactures college rings. Two models are produced: The Spirit model with a budgeted price of $660 and a standard variable cost of $360.
Calculate return on net operating assets for all three years. Identify reasons for any changes.
8. assume that a country estimates its m1 money supply at 20million. a broader measure of the money supply m2 is 50
the four steps used to allocate producing department activity cost pools using the abc approach are what?a step 1
Which of the following are consedered an optional presentation within a goverments required supplementary information.
Prepare a multi-step income statement for Clarkson Motorsports for the fiscal year ended November 30, 2012. Include earnings per share.
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