User Account

All Pages

What amount should the city recognize as wage and salary

Assignment Help Accounting Basics
Reference no: EM131929308

Question - Nolensville's payroll for one of its departments is $15,000 per week. It pays its employees on Thursday of the week following that in which the wages and salaries are earned. In 2015 December 31 fell on a Thursday. For the work beginning Monday, December 28, 2015, and ending Friday, January 1, 2016, employees were paid on Thursday, January 7, 2016. For fiscal year 2015, what amount should the city recognize as wage and salary expenditure/expense pertaining to the week ending Friday, January 1, 2016, in its funds statements and it government-wide statements?

Funds Statements Government-Wide Statements

A. $0 $0

B. $9000 $ 9000

C. $0 $ 9000

D. $9000 $ 0

Reference no: EM131929308

Questions Cloud

Distribute the service department costs : The building maintenance department services all departments of the company, Distribute the service department costs, using the direct method
Take a position as to which framework is a better fit : In this debate, you are asked to take a position as to which framework is a better fit for managing IT SECURITY services.
Write per bullet that focuses on security engineering : Write per bullet that focuses on security engineering - The paper must include at least 3 references in addition to the class textbooks and the Bible
Was the evidence obtained by medlack obtained unlawfully : Was the evidence obtained by Medlack obtained unlawfully without a warrant?
What amount should the city recognize as wage and salary : For fiscal year 2015, what amount should the city recognize as wage and salary expenditure/expense pertaining to the week ending Friday
What is the purpose of a bank reconciliation : What is the purpose of a bank reconciliation? What are the reasons for differences between the cash reported in the accounting records
Write paper about data synchronization in mobile application : Write a paper about Data synchronization in Mobile Applications. Types of Data Synchronization in Mobile Applications (Paragraph is a must).
Deprivation causes a number of problems : A recent report about sleep habits of Americans noted that sleep deprivation causes a number of problems, including highway deaths.
What is the amount of circle charitable contribution : Circle Corporation, an accrual method taxpayer, manufactures and sells mainframe computers. What is the amount of Circle's charitable contribution

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd