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The town of Brittainville has two Enterprise Funds- one forits water and wastewater operations and another for its cabletelevision operation. The Water and Wastewater Enterprise Fundissued $11,000,000 of 6%, 15-year refunding bonds at par during the year. It also received a $175,000 federal grant to expand water andwastewater lines to economically depressed residentialneighborhoods. The Cable Enterprise Fund made its annual payment of$1,000,000 to the General Fund to subsidize operations. It also wasthe recipient of a Federal Communications Commission unrestrictedgrant of $100,000.
How would the receipt of the grants be reported on the statementof cash flows for the Water and Wastewater Enterprise Fund and theCable Enterprise Fund, respectively?
at december 31 2010 the trial balance of olpe company contained the following amounts before adjustment.debits
in december 2012 infovision established its predetermined overhead rate for movies produced during year 2013 by using
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the adjusted trial balance prepared decembers 31 for cheryl fontaine amp company shipping agent containds the following
Fairmont Inc. uses an accounting system that charges costs to the manager who has been delegated the authority to make decisions concerning the costs.
on january 1 2008 parent company acquired 90 percent ownership of subsidiary corporation at underlying book value. the
tranquility funeral home inc your client is an accrual basis taxpayer that sells preneed funeral contracts. under these
A withdrawal of cash made by the owner will be found on the:
An investor in common stock received dividends in excess of the investor's share of investee's subsequent to the date of the investment. How will the investor's investment account be affected by those dividends under each of the following accounti..
p company purchased the net assets of s company for 225000. on the date of ps purchase s company had no investments in
The present value of the cash inflows would be $42,180 for Project O, $53,900 for Project P, and $91,910 for Project Q. Rank the projects according to the profitability index, from most profitable to least profitable.
seldin company owns a royalty interest in an oil well. thecontract stipulates that seldin will receive royalty
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