Questiona paper for a government nonprofit accounting

Assignment Help Financial Accounting
Reference no: EM13348398 , Length: 435 Words

Question:

A paper for a government / nonprofit accounting class.

PENSION TRUST FUND

Harvey City has only one Agency Fund and Trust. The city maintains and administers a defined benefit pension plan for police department and fire department personnel. The map is financed from contributions by the city and from investment income.

The fiduciary fund used in the case is a Pension Trust Fund. Compare the primary forms of accountability as among the Special Revenue Funds and General Fund, (2) Capital Projects Funds, and (3) Trust and Agency Funds.

Is it possible and/or permissible to account for more than one type of trust or agency relationship within a single Trust Fund or Agency Fund? Explain.

How could internal (interfund or intragovernmental) Agency Funds be used to facilitate a governmental unit's financial management and accounting processes?

Reference no: EM13348398

Questions Cloud

Questionproblem 1 - nancy company has budgeted sales of : questionproblem 1 - nancy company has budgeted sales of 750000 with the subsequent budgeted costsdirect materials
Questionwrite down a program that generates a casual number : questionwrite down a program that generates a casual number between 1 and 100 and asks user to guess what the number
Question 1the noise level at the worker location when a : question 1the noise level at the worker location when a number of machines are operating has been measured as 91 dba.
Questiondesign and apply a java program use switch : questiondesign and apply a java program use switch statement that find a traffic violation number and output traffic
Questiona paper for a government nonprofit accounting : questiona paper for a government nonprofit accounting class.pension trust fundharvey city has only one agency fund and
Questionprepare a complete tutorial including an analogy to : questionprepare a complete tutorial including an analogy to describe the mechanics and a graphic to support your
Questionchester has a new design for their product cedar : questionchester has a new design for their product cedar next round that will reduce their material cost of producing
Questiondeveloping requests specification for this : questiondeveloping requests specification for this integration. you have to use all of tools available to you to elicit
Questions problem 1chicago company has the subsequent : questions problem 1chicago company has the subsequent information pertaining to its brick division for this

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate the intrinsic value of the option

Evaluate the intrinsic value of the option? Determine the option's time premium at this price?

  Effect on the tax basis of each partner partnership

orders stationery and other office supplies in the amount of $300. Before the partnership pays for the supplies but after the partnership has taken title and possession of the supplies, is there any effect on the tax basis of each partner's partne..

  Illustrate what should campbell record as net deferred tax

The disparity between book income and taxable income is attributable to a temporary difference which will reverse in 2012. Illustrate what should Campbell record as net deferred tax asset

  Calculate the gross margin percentage

Calculate the gross margin percentage (Gross Profit divided by Net Sales) for each period presented in the income statement. What trend in gross margin do you observe and what factors may be causing this trend?

  Determine the breakeven point in dollars

Prepare an Income Statement of Actual Results using Variable costing, determine the breakeven point in dollars and Calculate DOL.

  Potential purchase of a business

On hearing that you are undertaking a subject in accounting as a part of your degree you are approached by a friend, Michael Graham, to give him advice regarding the potential purchase of a business.

  Explain how much does ashley realize

In addition, Ashley pays $14,000 in commissions and $3,000 in legal fees in connection with the sale. Explain how much does Ashley realize (the amount realized) from the sale of her property?

  What are the disadvantages of avco method

What are the disadvantages of AVCO method and which of them is better, FIFO or AVCO and, if there is any odd results, could you explain why?

  Compute the cost of jobs completed during may

Compute the total overhead applied to production during May, compute the cost of the ending work in process inventory and compute the cost of jobs completed during May.

  Illustrate what amount should be reported for patent amortiz

It had a useful life of 10 years. On January 1, 2012, ELO spent 44,000 to successfully defend the patent in a lawsuit. ELO feels that as of that date, the remaining useful life is 5 years. Illustrate what amount should be reported for patent amort..

  What are the critical deficiencies

­Do you think the recommendations put forth in the Exposure Draft are likely to be successful or not? If successful, what are the most significant attributes? If not successful, what are the critical deficiencies?

  What bad debt expense should the company report

Atlantic Animation Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands). What bad debt expense should the company report for the current period?

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