Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The central stores fund of cook city provides centralized management of purchasing, storage,and issue of supplies for the entire city. For the following summarized transactions and events for the year ended june 30, provide the fund level entries in general journal form required to conform to generally accepted accounting principles. If no entry is needed so indicate.
1) Central Stores Fund ordered supplies at an estimated cost of 62000
2)The supplies ordered in 1 above were received at invoice costs of 60400, these invoices were approved for payment
3)Supplies costing 51800 were issued to the city general fund and billed to that fund at a markup of 20% on cost
4) Expenses paid in cash during the year were: purchasing 5700 warehouseing 7100 and general and administrative 6200
Using the U.S. tax rate schedule, how much federal tax will he owe? What is his average tax rate? What is his effective tax rate? What is his current marginal tax rate?
Describe two methods for treating the preacquisition revenue and expense items of a subsidiary purchased during a fiscal period.
Which of the following is not a benefit of budgeting?
Provide an example of financial institutions, and state what role they play in securities markets.
A barn, destroyed by fire, had a basis of $40,000. The owner received $50,000 in insurance proceeds. The barn was replaced by another barn costing $45,000. The basis of the new barn is:
Receivables Turnover Ratio - The receivables turnover ratio tells us how many times accounts receivable have been collected in a given accounting period. Receivables turnover is calculated by taking the last 12 months of sales and dividing by the ..
Nashville Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and long-run monthly usage of staff hours for Operating Departments 1 and 2 follow:
Explain the problem with authority and resoning
Relative to corporate formation, how one can contribute appreciated property without gain recognition to the Transferor?
Why should the accounting for the lessor be different depending on whether the residual value is guaranteed or unguaranteed? Couldn't they just "adjust" the depreciation expense at the end of the term if the lessee does not pay the residual?
Distinguish between job costing and process costing. Describe the difficulties associated with each type. What can companies do in order to price products competitively and avoid some of these difficulties?
Find two annual reports from competing publicly traded companies of your choice. Prepare an overview of the two companies including a brief synopsis of the industry the companies are in, the market share each company holds, and the length of time ..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd