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A certain government passed its budget for the fiscal year ended December 31, 2014. Estimated Revenues amounted to $13,000,000; Appropriations amounted to $11,900,000; Estimated Other Financing Uses amounted to $700,000; and Estimated Other Financing Sources amounted to $200,000. In the budgetary entry (combining entry): Budgetary Fund Balance would be credited for $3,200,000. Budgetary Fund Balance would be credited for $600,000. Budgetary Fund Balance would be debited for $3,200,000. Budgetary Fund Balance would be credited for $1,600,000.
In addition, John and Susie would have topay higher rent. What course of action would you recommend toJohn and Susie?
On December 5, the store received $500 from the Jackson Players as a deposit to be returned after certain furniture to be used in stage production was returned on January 15.
Bliny Corporation makes a product with the following standard costs for direct material and direct labor: Prepare material and labor journal entries
moteki company accumulates the following adjustment data at december 31.indicate the type of adjustment prepaid
partner joe had a capital balance on january 1 2008 of 45000 and made additional capital contributions during 2008
The journal entry to record accrued interest on a short-term note payable must include an increase to:
George Company sells one product at a price of $20 per unit. Variable expenses are 60 percent of sales, and fixed expenses are $20,000. The amount of sales required to break even is:
An increase in the bonds payable account of $200,000 over the course of a year would be shown on the company's statement of cash flows prepared under the indirect method as:
Amber city borrowed $1,000,000 secured by a 5-year mortgage note. This cash from the note was used to purchase a building for vehicle and equipment maintenance. Show how these two transactions should be recorded in the General Fund and governmenta..
Gannon Company is considering purchasing a machine. The machine will produce the following cash flows: Year 1 $60,000 Year 2 $90,000 Gannon requires a minimum rate of return of 10%. What is the maximum price Gannon should pay for this machine?
What is the need for elimination in the consolidation process? What accounts must be eliminated? Why? What are the ramifications of not eliminating journal entries?
seton company manufactures a single product that sells for 360 per unit and whose total variable cost are 270 per unit.
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