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Unassigned Fund and Lowering Interest Cost
Instructions: Answer these two questions in a 1-2 page document.
1. A government’s unassigned fund balance in the general fund at year-end should be indicative of the amount that the government has available for appropriation in future years. Explain and provide an example to support your answer.
2. What is meant by an in-substance defeasance, and how can a government use it to lower its interest costs? How must it recognize a gain or loss on defeasance if it accounts for the debt in a proprietary fund? How do the GASB standards pertaining to in-substance defeasances differ from those of the FASB?
Prepare a scenario that is consistent with setting the risk of incorrect acceptance at 37 %. Choose a PPS sample of the above inventory population using the sample size determined in above.
Prepare the necessary journal entries for Stone Company
According to a varied contingent in the accounting industry, Activity Based Costing provides more accurate allocation of overhead costs then by using a single plant-wide overhead rate. Others state that the reverse is true.
To address inconsistencies and weaknesses, a comprehensive revenue recognition model was developed entitled the. The third step in the process for revenue recognition is to. The last step in the process for revenue recognition is to.
Review the media of Anthonys Orchard - Conduct a gap analysis for Anthonys Orchard and devise a benchmarking review for Anthonys Orchard
Illustrate what should Campbell record as a net deferred tax asset or liability for the year ended Dec 31 2011 assuming that the enacted tax rates in effect are 40% in 2011 and 35% in 2012?
Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a community mental health agency, is concerned about the dilemma of coping with reduced budgets next year and into the foreseeable future but increasing demand for services.
Evaluation of total manufacturing cost per gallon of Teflon - What appears to be the total manufacturing cost per gallon of Teflon?
On January 31, 2011, we elected to change our costing method for the material component of raw materials, work in process, and finished goods inventory to the lower of cost or market using the first-in first-out (“FIFO”) method, from the lower of cos..
Rocky Shoes sells snow climbing shoes worldwide. They expect to sell 8,500 pairs for $180 each in January 2016; 3,500 pairs for $190 each in February 2016; 4,100 pairs for $260 each in March 2016; and, 3,500 pairs for $250 each in April 2016. Cash Re..
For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $170,800?
Calculate the amount of depreciation for the first year ending on Mar 31, 2009 if the machine was purchased on (i) Apr 1, 2008, (ii) July 1, 2008, (iii) Oct 1, 2008 and (iv) Jan 1, 2009.
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