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Two property owners along Elm Street claimed a new sidewalk was constructed further from the street than where they had granted easements. A resurvey confirmed that the sidewalk was constructed in the wrong place, but the city did not believe that the property owners were entitled to damages. The property owners sued the city in court and were awarded a total of $9,000, which was recorded as a judgment liability during October 2014. The amount will be borne by the Street Improvement Fund; it will not be recoverable from the contractor.
Required: Record this transaction in both the Street Improvement Fund and governmental activities journals. You should debit Construction Expenditures in the Street Improvement Fund and Construction in Progress at the government-wide level.
pro golf warehouse inc. pgw sells gold equipment all through the united states. pgw also sells golf equipment in canada
he processing run results in a payroll register, employee paychecks and earning statements, and an error summary report, all on magnetic tape. Prepare a system flowchart of the company’s payroll process.
Suppose that the preferred stock is noncumulative, and the total amount of dividends is $29,000 and compute the amounts of dividends, in total and per share, that would be payable to each class of stockholders.
Purpose a schedule that converts Dr. Accord's excess of cash collected over cash disbursed for the year 2007 to total income on an accrual basis for the year 2007.
Which of the following is not true with respect to the auditors' report for a public entity?
Classify each of the following threats as either; self-interest, self-review, advocacy, familiarity or intimidation.
illustrate what would be the consumers typical buying response to these products if their income was reduced by 30%? Suppose all carbonated beverages tripled in price.
multiple choice questions based on business accounts.1.nbspwhich organizational form allows the business to be a
On the advice of her estate planner, Grace made taxable gifts of $5 million in 2011. Grace dies in late 2013 leaving a taxable estate of $1.1 million. Grace never made any taxable gifts before 2011. Determine her estate tax liability.
What journal entries are required at December 31, 20X2, to reflect the increase/decrease in carrying value (cost or revalued amount less accumulated depreciation) on the revaluation of the operating license based on the traded values of similar li..
What amount should Mateo Corporation report as inventory in its December 31, 2011, balance sheet?
The total variance is $10,000. The total materials variance is $4,000. The total labor variance is twice the total overhead variance. What is the total overhead variance?
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