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!
Minor difference in the terms of a contribution may justify major differences in revenue recognition.upon meeting with the executive director of the crime victims advocacy group, the president of a private foundation agreed to contribute, in the following year, $100,000 in support of the group's proposed program to provide legal assistance to victims of violent crimes. suppose that the foundation's formal letter acknowledging its pledge was worded in three different ways:
a. "We are pleased to pledge $100,000 in support of your group's efforts to assist victims of violent crimes."b. "We are pleased to pledge $100,000 in support of your group's efforts to develop a new program to provide legal assistance to victims of violent crimes."c. "We are pleased to pledge $100,000 upon your developing a new program to provide legal assistance to victims of violent crimes."for each of the three options: 1. prepare the journal entries that should be made upon receipt of the letter from the foundation. assume that it was unlikely that the pledge would be fulfilled in the same period that that it was made.2. prepare the journal entries that should be made to record the expenditure of $100,000 on activities related to the legal assistaance program.3. prepare the jppurnal entries that should be made upon receipt of the $100,000 check, assuming that it was received shortly after the legal assistance program was established and the group spent the $100,000 om program-related activities.4. comment on why minor difference in wording might justify major difference in accounting.be sure to indicate the type of fund in which your entries would be made.
Calculate the amount of inventory loss from the fire.
pie guys pizzeria is owned and operated by three brothers. data concerning the pizzerias monthly revenues and costs
hardly a day goes by without an article appearing on the crises affecting many of our financial institutions in the
Classify the following costs as variable (V), fixed (F), or semivariable (S) in terms of their behavior with respect to volume or level of activity.
Classify the list of items by operating section, investment section, or finance section. Use the letter "O" for operating, the letter "I" for investment, and the letter "F" for finance.
Describe the methodology for the direct and indirect cash flow methods including the major cash flow categories of operating, investing, and financing activities and give examples of each activity. Describe the relationship between the beginnin..
costello corporation manufactures a single product. the standard cost per unit of product is shown below.direct
Ben would like to use an inventory system that minimizes inventory cost and will satisfy 95 percent of his customers who order this wine. a. What is the economic order quantity for Ben to order?
on december 31 2012 donovan inc had outstanding 400000 shares of common stock and 42500 shares of 8 cumulative
Caroline and Clint are married, have no dependents, and file a joint return in 2005. Use the following selected data to calculate their Federal income tax liability. What is the AMTI? What is the regular income tax liability? What are the AMT tax ..
balcom corporation acquires a coal mine at a cost of 1500000. intangible development costs total 360000. after
Prepare the budgets for the year. Show data for each product. You do not need to prepare quarterly budgets sales
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