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Although many governments prepare budgets for both capital projects and debt service funds, the GASB does not mandate budgetary comparisions for these fnds as it dos for other types of governmental funds. Respond to the following:1. Examine the discrepancy between these funds.2. Determine the reason why there is a discrepancy.3. Justify this apparent discrepancy.
Rollie Company is launching a new cleaning product for ceramic vases. The company invests $1,200,000 in operating assets, such as production equipment,and plans to produce and sell 400,000 units per year. Rollie wants to make a return on investmen..
you have 10000 to invest at 5 annually and you will keep the money invested for 10 years. what will this amount grow
Prepare a training program for new employees in the customer care call center.
develop common size financial statements for the 3 companies for the most recent 3-years available. calculate financial
Some accountants hold the view that each interim period should stand alone as a basic accounting period, whereas others view each interim period as essentially an integral part of the annual period. Distinguish between these views.
A fire station that the city of plenty constructed many years ago is sold and is accounted for as an other financing source. Where should entries be made?
your boss has given you the responsibility for furnishing the soon-to-be-completed headquarters building. the
A preliminary analytical review of the company's most recent balance sheet and income statement
Sherman Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share. Management negotiated a fee (the underwriting spread) of 7% on this transaction.
K2 Corporation has assets of $1.35 million, common stock of $351,000, and retained earnings of $214,000. What are the creditors' claims on their assets?
total stockholders equity representsa.a claim to specific assets contributed by the owners.b.the maximum amount that
Thus far in class we've talked about many interesting topics in international accounting including international accounting standards, the history of accounting, IFRS vs. US GAAP, the FASB Codification, convergence, harmonization, foreign currency..
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