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For what types of activities are internal service funds used to account? Provide several examples. Is a government required to account for the activities you cite in an internal service fund, or may it account for them instead in its general fund?
What is the rationale for accounting for non expendable endowment funds on a full, rather than a modified, accrual basis? Why is it important that depreciation be charged on long-term assets held as fiduciary fund investments?
Decide what to say about your understanding of the main responsibilities of this post. Explain to the interviewing panel what you consider to be the professional and personal skills of a management accountant.
Inventory of finished goods on December 31 was 6,400 units. The company desires to have an ending inventory each month equal to one-half of next month's estimated sales.
Prepare an income statement, using the single-step form, and a statement of owner's equity using the data (below) from the ledger of Morrison Co. after adjustment at September 30, 2011 the end of the fiscal year.
nbspbank reconciliation and adjusting entries cash and cash equivalents appendix 7athe bank statement for the checking
sylvan inc. entered into a noncancelable lease arrangement with breton leasing corporation for a certain machine.
primm company produces a product that requires four standard gallons per unit. the standard price is 24.50 per gallon.
two products wood chips and fiberboard come out of a joint process costing 420000 per year. the sales value of the wood
the following information reflects cash flow and other activities of framer company for six months ended june 30 paid
calculate the total number of frames that icu optical needs to produce and sell to break even if budgeted direct
The Connecting company uses the percent of sales method of accounting for uncollectible accounts receivable. During the current year, the following transaction occurred: Prepare the general journal entries to record these transactions.
On January 1, 2010 the Hogback Company sold the Red Rocks Ranch, which constituted 20,000 acres of undeveloped land, to a limited partnership for $50 million.
Prior Company buys merchandise on account from Wood Company. The selling price of the goods is $900 and the cost of goods is $630. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies.
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