User Account

All Pages

Why does it not maintain funds for each of its major areas

Assignment Help Accounting Basics
Reference no: EM131191605

Accounting assignment

Answer the following in a 1 page document. PLEASE INCLUDE AT LEAST 2 IN TEXT CITATIONS IN APA FORMAT, THEN INCLUDE THE CORRESPONDING REFERENCE CITATION ON THE REFERENCE PAGE.

Example : In text citation : She stated, "Students often had difficulty using APA style" (Jones, 1998, p. 199),
Reference citation:

Bernstein, M. (2002). 10 tips on writing the living Web. A List Apart: For People Who Make Websites, 149. Retrieved from https://www.alistapart.com/articles/writeliving

If you have trouble using APA please visit here https://owl.english.purdue.edu/owl/resource/560/01

ALSO PLEASE USE THE WORD ATTACHMENT BELOW.

Accounting Principles for Governments and the Balance Sheet

Instructions: Provide complete answers to the following two problems.

1. Why is it difficult to develop accounting principles that are appropriate for governments within the same category (e.g., cities, counties) and even more difficult to develop them for governments within different categories?

2. Upon examining the balance sheet of a large city, you notice that the total assets of the general fund far exceed those of the combined total of the city's ten separate special revenue funds. Moreover, you observe that there are no funds for public safety, sanitation, health and welfare, and general administration-all important functions of the government.

• Why do you suppose the city hasn't attempted to ‘‘even out'' the assets in the funds?
• Why does it not maintain funds for each of its major functional areas?

Reference no: EM131191605

Questions Cloud

Difference between independent poisson variables : Beginning with Z(O)=O, show that the distribution of Z(t) is given by the difference between independent Poisson variables of means λt and µt.
Is the cocaine sentencing law discriminatory : Is the cocaine sentencing law discriminatory? If so what type of discrimination is this? If not, be able to support your answer with examples and references to your readings.
Does evidence of racial disparity in sentencing really exist : Does evidence of racial disparity in sentencing really exist? Are racial disparities in sentencing always the result of racial discrimination? Why or why not?
Contractionary and expansionary policy : Explain the difference of Monetary vs Fiscal Policy. How do each policy occur and who is in charge of each? Please elaborate on Contractionary and Expansionary Policy. Please make more than 200 word paragraph
Why does it not maintain funds for each of its major areas : Why do you suppose the city hasn't attempted to ‘‘even out'' the assets in the funds? Why does it not maintain funds for each of its major functional areas?
Determine the total amount of the payment : Determine the total amount of the payment and its tax treatment to Chaz and the corporation.-How do Chaz and the corporation treat the $5,000 distribution?
Micro and macro economy : What is the difference between a micro and macro economy?
How do you think that evidence will hold up in the court : Regarding the scenario above, how do you think that might she prove her innocence? Explain. What evidence do you think might exist that could prove that she is innocent? Explain.
Minimum value of one time : Other things constant, the minimum value of one's time that would induce a rational individual to fly rather than drive would be... the answer is $20 per hour but I don't know how they got that.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Allowance for uncollectible accounts

Calculate (1) Uncollectible Accounts Expense and (2) the ending balance of the Allowance for Uncollectible Accounts using (a) the percentage of net sales method and (b) the accounts receivable aging method.

  How do you use degree of operating leverage to determine

pampq company has provided you the following information. monthly fixed expenses are 5000 usd and variable expenses per

  Delphi companyreduced its other post reitrement benefits by

delphi companyreduced its other post reitrement benefits by approx 500 millionbecause of a change in the law. the

  Jwc only wants to break even on this service total cost of

profit charges and break-even without and with overhead. a number of years ago at the request of its employees jack

  A company must repay the bank 42000 cash in five years for

a company must repay the bank 42000 cash in five years for a loan. the loan agreement specifies 7 interest compounded

  The basic concept of substance over form influences lease

The basic concept of "substance over form" influences lease accounting. Explain.

  Compute the amount of gross profit realized each year

on january 1 2010 wetzel company sold property for 200000. the note will be collected as follows 101800 in 2010 61800

  The partial income statements

Refer to RE23-2. Assume Heller Company had sales revenue of $510,000 in Year 1 and $650,000 in Year 2. Prepare the partial income statements

  Business planning-organizational culture

From the second case study, analyze how business planning can be an overarching and continuing development process that requires constant reevaluation of the company and its environment. Support your analysis.

  Area national banks board of directors voted to declare

area national banks board of directors voted to declare dividends of 286000 total for 2015. these dividends are to be

  Acme is a decentralized corporation divisions are treated

acme is a decentralized corporation. divisions are treated as investment centers. in recent years acme has been running

  Partial income statement

Prepare a partial income statement for 2016 beginning with income from continuing operations. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.)

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