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A local government budget policy allows open encumbrances to lapse at the end of the year.Its budget for the following year takes the open encumbrances into account and expenditures resulting from those encumbrances are charged against the following year appropriations. Its General Fund has open encumbrances of $ 75,000 at the end of fiscal year 2012. There are no restrictions or commitments on the use of these resources. What journal entry or entries should be made at the end of fiscal 2012? What journal entry or entries should be made at the start of fiscal 2013?
Gentry Company produces speaker systems for trucks. Estimated sales (in units) in January are 20,000; in February 25,000; and in March 22,000. Each unit is priced at $45. Gentry wants to have 25% of the following month's sales in ending inventory.
Employee Business Expenses: Planning.J is employed as a salesman by Bigtime Business Forms Inc. He is considering the purchase of a new automobile that he would use primarily for business. Are there any tax factors that J might consider before pur..
during the month of january all of the following occurred1. direct labor costs were 46000 for 1800 hours worked.2.
the capital project fund had just been created to account for resources received and expended for the construction of a
dorian company produces and sells a single product. the product sells for 60 per unit and has a contribution margin
sanchez corporation is considering three long-term capital investment proposals. relevant data on each project are as
Darwin and Thunderbird share office and lab space, equipment, and employees. Because of ethical concerns and the regulatory environment surrounding embryonic stem-cell research, both Darwin and Thunderbird were unsuccessful in gaining significant ..
Using Excel, prepare the amortization schedule and then record all required journal entries that would be made by Barker on the following dates (a) December 31, 2012; (b) December 31, 2013; (c) December 31, 2014; (d) December 31, 2015; and (e) Dec..
meredith and martin form the cash basis calendar-year mm partnership on july 1 of the current year. they purchase
What does it mean to obtain a competitive advantage? What role does the cost management system play in helping to achieve this goal?
xeller company makes electronic keyboards. the practice model price is 220 and variable expenses are 190. the deluxe
the raab company is expanding its production facilities to include a new product line a sporty automotive tire rim.
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