The tax agency fund of orange county collected

Assignment Help Financial Accounting
Reference no: EM13753070

The tax agency fund of Orange County collected $7,000,000 for a private school district; $3,000,000 for the county General Fund; and $5,000,000 for a town located in the County. County General Fund employees handle the collections, and a 2.5 percent collection fee is charged all units except the county. The total amount of revenue recognized by the county Agency Fund would be?

Reference no: EM13753070

Questions Cloud

Validation and test documentation : The final project consists of a currency conversion application. This application-similar to simple, practical programs on many travel or financial Web sites-includes the following elements: Validation and test documentation
What are the key business objectives : What are the key business objectives. What are the questions that must be researched? (please list specific questions and explain why these questions are being asked)
Process of preparing its annual budget : Sarter Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Each unit of finished goods requires 3 grams of raw material. The company plans to sell 880,000 units d..
Define the network topology in each office lan : Define the network topology in each office LAN, and define and describe the structure of the WAN to interconnect the offices
The tax agency fund of orange county collected : The tax agency fund of Orange County collected $7,000,000 for a private school district; $3,000,000 for the county General Fund; and $5,000,000 for a town located in the County. County General Fund employees handle the collections, and a 2.5 percent ..
Tax planning considerations for employees : Write a report (5 pages) named Tax Planning Considerations for Employees. The report will involve tax planning issues related to the organization’s employees. USco designs and manufactures specialized equipment used in various manufacturing applicati..
What role did lehman''s executives play in the company : What role did Lehman's executives play in the company's collapse. Were they being responsible and ethical? discuss
Why hartford resolutions turned american against federalists : Why do you think that the Hartford Resolutions turned Americans against the Federalists?
Utilizes a process costing system : Jackson Electronics Inc. manufactures a variety of microelectronic component parts and utilizes a process costing system. The following information was provided by the accounting department as of July 31, 2014:

Reviews

Write a Review

Financial Accounting Questions & Answers

  Liability related to the coupons on the balance sheet

On December 1, 2003, Discount Dudley’s (DD) placed coupons in the local newspaper for $5 off a $50 purchase. The coupons have an expiration date of March 31, 2004. The number of coupons circulated was 1,500,000 and DD anticipates that 5% of these cou..

  Calculate the balance of its investment in nye account

Assume that Jong used the equity method of accounting for its investment in Nye instead of the cost method. Calculate the balance of its "Investment in Nye" account.

  Illustrate a context diagram

Create a table of entities and activities. Illustrate a context diagram. Illustrate a physical data flow diagram (DFD).

  Explain how might it do so without being currently taxed

A U.S. manufacturer wants to conduct business through a foreign subsidiary organized in a low tax jurisdiction. Explain how might it do so without being currently taxed on the subsidiary’s foreign earnings?

  Write any necessary journal entries for the reconciliation

Complete a bank/account reconciliation and write any necessary journal entries for the reconciliation.

  Under variable costing-included in finished goods inventory

Under variable costing, which of the following costs would be included in finished goods inventory?

  Opportunity cost of going to the game is

Your best friend offered you $130 for the ticket now that the team is doing well. The opportunity cost of going to the game is?

  What is the income elasticity of demand at equilibrium

If the supply curve of pens is . What is the price elasticity of demand at equilibrium? What is the cross-price elasticity for pencils at equilibrium? What is the income elasticity of demand at equilibrium?

  Journal entries for received balance due on sale on account

Journal entries for received balance due on the sale on account. Sold Merchandise Inventory for $123,340 cash.  No shipping charges were incurred related to the sale.

  Evaluate sales and standard cost data

The Knott Division's evaluated sales and standard cost data for the fiscal year ending Sept. 30 are as given:

  Capital account when a partnership is dissolved

Could you please research and explain what happens with the additional paid in capital account when a partnership is dissolved?

  1nbsprecognition of concepts jim armstrong operates a small

1.nbsprecognition of concepts. jim armstrong operates a small company that books enter tainers for theaters parties

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