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Contributions of long-lived assets may affect more than one type of fund.
Discovery Barn, a not-for-pro?t science center for children, received a contribution of $30,000 explicitly designated for the acquisition of computers. During the year it acquired $21,000 of computers, which it estimated to have a useful life of three years. It is the policy of the organization to charge an entire year's depreciation in the year of acquisition.
Prepare all required journal entries, being certain to indicate the type of fund in which each entry would be made.
Identify where each of the items would be reported in the financial statements - Interest earned on investments in bonds.
matrix accounting pays all salaried employees biweekly. overtime pay however is paid in the next biweekly period.
common stock-25 par value 100000 shares authorized 50000 shares issued and outstanding 1250000paid-in capital in excess
Which of the following internal controls most likely would reduce the risk of diversion of customer receipts by an entity's employees?
a. prepare a multi-step income statement for 2012. b. calculate retained earnings for the year ended december 31
Explain the similarities and differences in Managerial and Financial Accounting. After you review the Feature Story in Chapter 1, explain how the management functions of both could help HP and/or Dell.
Assuming Dodger's tax rate is 30 percent in all periods, and that the company uses the carryback provisions, what amount should appear in Dodger's statements for financial reporting purposes as a net loss in 2011?
What is a "pass-through" agency-fund and under what conditions is it appropriate to use such a fund?
answer the following truefalse questions1. investment center managers are evaluated on their use of center assets to
ivy industrial packing co purchased a packing machine for 950000 at the beginning of 2009. the robot has an estimated
Laquesha Enterprises. sells its only product for $9 per unit, variable production costs are $3 per unit, and selling and administrative costs are $1.50 per unit. Fixed costs for 10,000 units are $5,000. Calculate the contribution margin per unit a..
How can IT departments assist corporate managers in fulfilling their corporate governance roles?
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