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Your new financial accountant has just shown up for work and has settled into her small office. You asked her to join you for lunch and begin your orientation in how governmental accounting differs from for-profit financial accounting. She asks you some questions over lunch that you politely answer.
Discuss both the meaning of, and the basis for, fund accounting-a major consideration and constraint on governmental accounting procedures and how that compares to financial reporting that is handled with far less constraints in the for-profit sector.
Why do you believe fund accounting is so important?
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
Provide the journal entry that Pale recorded when it transferred the assets to Bright. Give the journal entry that Bright recorded for the receipt of assets and issuance of common stock to Pale.
On August 1, 2010, Pavlova purchased a piece of replacement property for cash. The new land cost $90,000, and the new building cost $380,000. Prepare journal entries to record the transactions on April 1 and August 1, 2010.
The federal government provided the funds the following months. The local government would recognize revenues for the fiscal year ended June 30, 2009 in which amount?
Discuss the pros and cons of the U.S. Federal Government guaranteeing the pension funds of a private company when it declares bankruptcy. Discuss whether the U.S. Federal Government should guarantee and state your rationale.
The machine has an evaluated five-year useful life and scrap value of $5,000. This machine is being depreciated using the double-declining technique.
Compute the unit sales price at which the Monteiro Manufacturing Corporation must sell its umbrellas in 2012 in order to earn a budgeted profit of $200,000 - Compute the number of units that must be sold at the old price to earn $200,000.
on january 1 2008 the jonathan company began construction of a new building to be used as its office headquarters. the
In general, what costs should be capitalized for self-constructed equipment? Discuss propriety of including in the capitalized cost of self-constructed assets:
How many of each product should be produced per month using the short-run strategy - Information Technologies manufactures 3 sizes of copiers: light usage, medium usage, and heavy usage
1. does the companys management appear to be managing debt properly? is the company too reliant on long-term debt
Multiple questions on cash flows and What was the loan balance when you sold the property and What was the remaining term when you sold the property?
Prepare the journal entry necessary to record the depreciation expense on the building in 2011. Compute depreciation expense on the machinery for 2011.
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