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The following interfund transactions occurred in Becca City General Fund during the year ended December 31, 2012. For each transaction describe its nature (e. g. is it an interfund transfer an interfund loan etc) prepare the journal entry in the General Fund, and prepare the journal entry in the other affected fund.1. Received an invoice for $ 15,000 from the City, Electric Utility Fund for electricity service in October.2. Loaned $ 30,000 to the Parks Special Revenue Fund in May (the Special Revenue Fund was to repay the loan in September 2012).3. Gave $ 50,000 to the City, Mass Transit Authority as a subsidy because transit fares were insufficient to pay the authority, operating expenses.
durden co. has 10 par value 12 cumulative preferred stock. there are 10000 shares issued and outstanding of the
the value chain p 7. soft spot is a manufacturer of futon mattresses. soft spots mattresses are priced at 60 but
this problem comes from managerial accounting a focus on ethical decision making 5th edition jackson sawyer and
marys replacement is unexpectedly hired away by another school and mary is asked to stay in her position for another
What are different criteria for recognizing revenue?Why are there so many revenue recognition methods?Why are the methods subjective and what are the implications on income statement quality?
The company requires a minimum pretax return of 13% on all investment projects. The net present value of the proposed project is closest to:
malen arts inc. had earnings of 133750 for 2012. the company had 25000 shares of common stock outstanding during the
in each of the following independent cases the company closes its books on december 31.1. sanford co. sells 500000 of
the detailing department of jackson manufacturing company has the following production and manufacturing cost data for
bhangoo inc. had the following transactions in its first month of operations1. the owner had invested 10000 cash in the
Why may net cash flow from operating activities on the cash flow statement be different from the amount of net income reported on the income statement?
a company that uses the allowance method to account for its bad debts had credit sales of 740000 in 2001 including a
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