A citys general fund makes a permanent contribution of

Assignment Help Accounting Basics
Reference no: EM13575836

A city's General Fund makes a permanent contribution of $800,000 to an Internal Service Fund (ISF) so that the ISF can acquire assets. How should the ISF report the contribution?

Reference no: EM13575836

Questions Cloud

A school district wants to establish a separate fund to : a school district wants to establish a separate fund to acquire store and sell school supplies to individual schools
Prepare a horizontal analysis of the balance sheet data for : the comparative balance sheets of ramsey egyptian buffet are presented below.ramsey egyptian buffetcomparative balance
Procter amp gamble and wal-mart are key partners in a : procter amp gamble and wal-mart are key partners in a shared channel. pampg is one of wal-marts biggest suppliers and
Consider a standard deck of 52 cards which is shuffled so : consider a standard deck of 52 cards which is shuffled so the cards are randomly ordered in the deck. five cards are
A citys general fund makes a permanent contribution of : a citys general fund makes a permanent contribution of 800000 to an internal service fund isf so that the isf can
City parks department activities are financed entirely : city parks department activities are financed entirely with general fund appropriations. it receives two invoices one
Stephen bosworth a super salesman contemplating retirement : stephen bosworth a super salesman contemplating retirement on his fifty-fifth birthday decides to create a fund on an 9
For the year net sales were 5634 million and cost of goods : selected financial statement data for jamestown resorts for the year ending january 31 2008 are as followsjamestown
You have won a lottery you will receive 200000 after taxes : you have won a lottery. you will receive 200000 after taxes each year for the next 5 years. describe the process you

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the amount of research and development costs

In 2009, Austin Powers Corporation developed a new product that will be marketed in 2010. In connection with the development of this product, the following costs were incurred in 2009:

  Important concept for management-financial statements

Why do you think present value is an important concept for management to understand? Do you think it should be used for all financial statements items, why or why not?

  Prepare statement of affairs as on december

Mr. Qamar keeps his books under single entry system; his position on 31 December 2002. You are required to prepare Statement of affairs as on 31st December 2002.

  Discuss likely accounting-based reasons which contribute to

the press report carried the following news item general motors ford and chrysler are expected to post losses on

  Cost of goods sold per unit

If Job M1 resulted in 7,000 good jeans, what would be the cost of goods sold per unit? Show your work.

  Work in process inventory at the beginning of the period

Kent Company had 800 units of product in its work in process inventory at the beginning of the period. During the period 3,000 additional units of product were started.

  Compute the break-even sales of candies

Candies Inc. manufactures and sells two products, marshmallowbunnies and jelly beans. The fixed costs are $350,000, and thesales mix is 70% marshmallow bunnies and 30% jelly beans. Theunit selling price and the unit variable cost for each product ..

  Describe amp explain three characteristics of payroll

describe amp explain three characteristics of payroll related taxes that make accounting for them so time consuming for

  Investment in prescott-consolidated balance sheet

No investment income was included within either of these income totals. How would the 10% investment in Prescott owned by Bell be presented in the consolidated balance sheet?

  Advanced technologies balance sheet caption for common

advanced technologies balance sheet caption for common stock is common stock 10 par value 7000000 shares authorized

  What is the amount of distributions made to the owner

You must determine the amount for those distributions. What is the amount of distributions made to the owner of Martin Company during the year?

  Use a financial calculator or computer software program

What is the present value of $359,000 that is to be received at the end of twenty-three years, the discount rate is 11 percent, and semiannual discounting occurs?

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd