Questions based on internal service fund and general fund

Assignment Help Corporate Finance
Reference no: EM1345392

The City of Carefree voted to establish an internal service fund to account for its printing services. The City transferred $500,000 cash from the General Fund to the newly created internal service fund.

10) The appropriate entry in the general fund to account for this transfer would be a credit to cash for $500,000 and a debit for $500,000 to
a) Due from Internal Service Fund.
b) Transfer Out.
c) Expenditures.
d) Investment in Internal Service Fund.

11) The appropriate entry in the internal service fund is a debit to cash for $500,000 and a credit for $500,000 to
a) Due to General Fund.
b) Transfer In.
c) Capital Contribution (Revenues).
d) Investment provided by the General Fund.


Reference no: EM1345392

Previous Q& A

  Explaining mutual exclusion protocol

In Lamport'so mutual exclusion protocol, if process i is implementing critical section, Is this still true when there are no messages in transit?

  What power input is needed to maintain the sphere

A student eats a candy bar that may give 1.8 * 10^6 joules of energy. if the student has a mass of 60 kg, how high will he have a climb a ladder to offset completely the energy contained in the candy bar.

  Find expected dollar return on the gamble

Assume that a person won the Florida lottery and was offered a choice of two prizes:

  Reporting the transaction

For each of the following transactions, indicate which fund would most likely be used to report the transaction:

  Which floor of building would the stream of water strike

A dock worker applies a stable horizontal force of 79.0 {rm N} to a block of ice on a smooth horizontal floor. The frictional force is negligible. The block starts from rest and moves 14.0 {rm m} in the first 6.00 {rm s}.What is the mass of the bl..

  Find distance traveled according to observers on spacecraft

A bowling ball with a mass of 6.8 kg strikes a stationary pin that has a mass of 1.6 kg. After the collision, the pin flies forward (in the positive x direction) with a speed of 7.3 m/s, and the ball continues forward at 3.2 m/s (in the positive x..

  Program for saving account balance report

Savings account balance report from customer savings account file. Every input savings account record contains account number, balance forward, deposits (sum of all deposits).

  Fund raising strategies

Assume you are the Chief Financial Officer of a struggling firm. While you do have a positive cash flow, it is minimal at best. If something does not change soon, the firm will go under.

  Illustrate an example of legal-regulatory environment

Illustrate which of the following is an example of the legal-regulatory environment surrounding advertising also promotional activities of businesses.

  What will be the current density in the wire

If you were to use wire of twice the diameter, which of the above answers would change? Would they increase or reduce.


Write a Review


Similar Q& A

  How much must she deposit at the end of each year

Evaluate how much must she deposit at the end of each year

  Evaluate a married couple filing

Would they be better off to use the standard deduction or itemize - evaluate a married couple filing jointly that makes $62,000.

  Efficiency ratio and cost reduction target

Overheads, efficiency ratio, cost reduction target - Multiple choice - activity-based costing analysis of one of its best-selling toys

  Financial statement ratio analysis

Financial Statement ratio analysis-Project Due at the end of the Post week - Prepare common sized statements for the 3 years and Prepare a trend analysis for both the balance sheet (classification totals only) and the income statement.

  Stock market project

Select five companies for the purpose of tracking the stock market, preparing research on the companies, and preparing company reports.

  Calculate cost of retained earnings and new common stock

The management of a conservative company has adopted a policy of never letting debt exceed 30% of total financing. The company will earn $10,000,000 but distribute 40% in dividends,

  Fund raising strategies

Assume you are the Chief Financial Officer of a struggling firm. While you do have a positive cash flow, it is minimal at best. If something does not change soon, the firm will go under.

  Purpose a monthly income and expense plan for terrels

Preparation of monthly income and expense plan and analysis of financial position - Purpose a monthly income and expense plan for the Terrels in 2003.

  Explain what inflation rate is expected

What inflation rate is expected during Year 2 - Consider that the real risk-free rate is 4 % and the maturity risk premium is zero.

  Selecting the best alternative

The R. Morin Construction Corporation requires to borrow $100,000 to help finance cost of a new $150,000 hydraulic crane used in firm's commercial construction business.

  Explain the several steps management

Identify and explain the several steps management must take to establish a successful export strategy.

  Estimate the present value of the growth opportunity

Suppose that XYZ has Earnings Per share of $1.79 with a 0.68 cent dividend & return on equity of 24%. If the stock value is $49.22 then:

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd