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!
Question :
A school district gets a grant from the federal government to support programs directed at ''special needs'' students. The grant is a matching grant in which each dollar spent by the school district on teacher salaries for special needs education may be matched up to $1 million by the federal government. The federal government agrees that it can advance monies to the school district so that the school district may be able to pay a portion of each month's teachers' salaries from federal funds. The grant's contractual terms stipulate that the school district have to not commingle the federal monies that it has been advanced with other monies of the school district. The school district also is needed to file quarterly and annual reports indicating the amounts that the school district has spent on special needs education and the resulting amount that is either a receivable from or payable to the federal government. As a new comptroller, you must select which fund or funds should be used to account for the federal grant and the school district match. After some research, you consider that the school district has some options as to the governmental funds that it may use for financial reporting purposes. What are the options? In which fund or funds, would you report the transactions related with the federal grant and school district match? Would they be accounted for in the same fund? What factors influenced your decision?
How should declared but unpaid dividends be recorded? The problem states that the company has a yearend date of Dec 31st. and that there are 15000 of declared dividends. Should this affect my common stock or retained earnings?
During July, the first month of the fiscal year, sales totaled $900,000 and the cost of merchandise available for sale totaled $800,000. Estimate the cost of the merchandise inventory as of July 31, based on an estimated gross profit rate of 40%..
Identify one of the gross income inclusions. Why or why not? You can approach this question from an economic, social, revenue, or political perspective.
Give a response to the shareholder on the basis of these requirements. Check the requirements of both AASB 138 and the AASB Framework in relation to accounting for brands;
Many corporations and government entities have an internal auditing function and a separate fraud investigation function either as a subunit of internal auditing or security or as a separate unit within the organization.
Estimate the stock price for year s two and three, assuming that the current PE multiple remains constant for each of the two forecasted years.
The store normally recognizes a gross profit margin of 40% of the selling price on video games. Illustrate how would the store account for a purchase using the discount coupon?
You are believer that new employees should practice their accounting skills before "throwing them into the fire." Therefore, you have listed a series of transactions that require journal entries and updating of T-Accounts.
The wage then increases to $10. The wage then increases to $14. Each time the budget constraint: a. Rotates clockwise with new vertical intercept higher than before and new horizontal intercept lower than before
Perform a hypothesis test (using either the p-value approach or critical value approach) to see if there is evidence that the population mean amount is different from 330 mL. (Use a 0.05 level of significance).
The asset is sold at the end of 2008 for $130,800. What are tax aspects of this transaction for Mark Farris, a 60% owner of the company?
Neither has any dependents nor itemized deductions. Based only on tax considerations, what marriage date would you recommend for the loving couple? How much would your choice saves in taxes?
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