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Reck Gvt and Non Profit Accounting 16th Editionprepare statement of activity for Weistein Musical Society from the following data Details Admin Salaries 45Cash Contributions Restricted for classical music appreciation program 250Collections of unrestricted pledges from prior year 300Depreciation Office Equipmnet 2Depreciation Equipmnet Classical Music Appreciaiton Program 12Depreciation Maestro Program 5Fundraising Expenses 75Investment Income 100Material and supplies used Maestro Program 330Payment of interest on not 22Payment to retire long term note that matured during the year 250Pledges during year (and outstanding at year end) to support Maestro 1200Rent - Performance Halls - Professional Program 500Salaries - Professional Programs 379Teacher Salaries Classic Music Appreciation Program 23Teacher Salaries Classic Music Appreciation Program 77Temporarily restricted net assets 01/01/2015 1100Ticket Sales - Performances of Musicians in the professional program 150Unrestricted cash Contributions 800Unrestricted net assets 01/01/15 320Unrestricted pledges during year (and outstanding at year end) 540Unrestricted earnings on investments and temporarily restrictedinvestments 58
Jeffrey Mogul is a Hollywood film producer and he is currently evaluating a script by new screenwriter and director, Betty Jo Thurston. Jeffrey knows that the probability of a film by a new director being a success is about .10 and the probability..
During 2012, Lorraine sold the following assets: business equipment for a $8,000 loss, stock investment for a $10,000 loss, and her principal residence for a $26,000 loss. how much of these losses may Lorraine claim on her 2012 return?
White Corporation decides to discontinue the business and distributes all of the $4 million of insurance proceeds collected as a result of the fire to Helen and Gray Corporation in redemption of 20 shares of stock from each shareholder. Determine ..
What is the legal capital of the corporation? At what average price per share has the preferred stock been issued? How many shares of common stock have been issued?
Babbel Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year.
The stockholder's equity accounts of Lawrence Company have the folowing balance on December 31, 2010. Common stock, $10 par, 274,000 shares issued and outstanding $2,740,000, Paid-in capital in excess of par $1,200,000, Retained Earnings $5,600,00..
If you were a member of the School District board, what factors would you consider in evaluating the two bids?
Mr. Bouteilles Gerbeuses has been your long-time tax client. He has amassed an impressive portfolio of real estate, securities, and joint venture investments. His net worth is substantial.
mahmet eraned wages of 108,600 during 2011 he is single and claims two withholding allowances how much will mahmet's employer withhold in social security taxes for the year?
Using the information, prepare an income statement and a balance sheet for the Parsons Corporation.
Net income was $ 61,000 for the year. The accumulated depreciation balance increased by $14,000 over the year. There were no sales of fixed assets or changes in noncash current assets or liabilities. Under the indirect method, the cash flow from o..
On Jan1, 2009, Nana Co. paid $100,000 for 8000 shares of Papa Co. common stock. These securities were classified as trading securities. The ownership in Papa Co. is 10%.
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