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1) Pass Through Agencies and GASB Investment Reporting
A) What is a "pass-through" agency-fund and under what conditions is it appropriate to use such a fund?
B) GASB standards require that investments be reported at fair value. Explain the GASB reporting requirements related to fair value. How do these requirements differ from reporting requirements for corporate entities?
Provide your reference in APA-Format and your in-text citation.
2) Government Financial Reporting
A) A city manager was overheard saying, "Since we don't release them to the public, I don't see any value in taking the time to prepare interim reports." Explain why you agree or disagree with this statement.
B) Describe how a taxpayer might assess the financial solvency and viability of a government using government-wide financial statements prepared according to generally accepted accounting principles
What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?
What are the primary securities market and the secondary securities market? Identify two securities exchanges and how they influence trading and the investor.
sophisticates inc. a distributor of jewelry throughout california is in the process of assembling a cash budget for the
How will foreign standards affect your audit plan and sampling techniques used to validate original transactions?
when a company applies the partial equity method in accounting for its investment in a subsidiary and initial value, book values, and fair values of net assets acquired are all equal, what consolidation worksheet entry would be made?
for each of the following independent situations indicate the apparent internal control weakness and suggest
brothers manufacturing applies overhead to production at a predetermined rate of 90 based on direct labor cost.job no.
Joan purchases a government bond for $10,000 that pays 7 percent annual interest. Jim purchases $20,000 worth of corporate bonds that pay 10 percent annual interest. Joan's goal is to earn $700 per year on her investment, and Jim's goal is to earn..
On February 2, 2011, it was determined that the patent's useful life would expire at the end of 2013. How much would Lexicon record as amortization expense for this patent for the year ending December 31, 2011?
Under GAAP, an entry should be made to the bad debt expense account
What are the different ways to estimate bad debt? How does this affect net income? What does Generally Accepted Accounting Principles (GAAP) require? Why? Should all companies have bad debt? Explain your answer.
a review of the balance sheet of a retailer such as wal-mart will disclose that in current assets the majority
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