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1. Identify and briefly describe the three broad categories of service activities that most general purpose governments perform.
2. Describe how the reporting objectives for governmentwide and governmental fund financial statements are different.
3. Explain the modified accrual basis of accounting. Why is it used for governmental fund financial statements?
4. What are the three categories of funds prescribed by GASB standards and which fund types are included in each? Which basis of accounting is used by each category?
5. What is the primary reason that governmental entities need to use funds for financial reporting? How are funds established?
kody corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. at the
you have been asked to speak at a career fair for high school students in your home town.specifically you are making a
a company has two million shares outstanding. it paid a dividend of 2 during the past year and expects that dividends
A major flaw of the original General Agreement on Tariffs and Trade (GATT) was that it lacked the power to:
david greenes muffler shop uses a normal costing system. overhead and labor hours were estimated at 42000 and 6000
many organizations have been in the news over the past few years due to accounting ethical breaches that have affected
Compute the predetermined overhead rate for each department. What is the total cost of the furniture prouced for City Furniture?
a local retail store hires sales associates to sell laptop computers. create two specific outcomes and behaviors that
Imagine that your client is unable to make his / her business loan payments and creditors are threatening legal action. Recommend one (1) strategy to your client that will best protect his / her business and personal interest from the creditors. S..
The period 30,000 units remained which were 40% complete. The amount of equivalent units in Department A's work in progress inventory at the end of the period is what?
monster company produces a product requiring 3 direct labor hours at 16.00 per hour. during january 2000 products are
disk city inc. is a retailer for digital video disks. the projected net income for the current year is 2380000 based on
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