Consider the following scenario a private citizen makes an

Assignment Help Accounting Basics
Reference no: EM13598909

Consider the following scenario: a private citizen makes an unrestricted pledge of $5 million to a city's museum. the city is confident that the donor will fulfill her pledge. however, the cash will not be received for at least two years. respond to the following:explain how the amount of revenue recognized differs between the governmental fund statements and the government-wide statements.

Reference no: EM13598909

Questions Cloud

On october 16 2010 flavor corporation declared a 3-for-2 : flavor corporationpartial balance sheet as at december 31 2009 millionsstockholders equitycommon stock 1.00 par
Explain how these events would affect the balance sheet : hoen manufacturing company experienced the following accounting events during its first year of operation. with the
Sanchez manufacturing purchases 45000 of raw materials on : sanchez manufacturing purchases 45000 of raw materials on account and it incurs 50000 of factory labor costs.supporting
Everly corporation acquires a coal mine at a cost of 400000 : everly corporation acquires a coal mine at a cost of 400000. intangible development cost total 100000. after extraction
Consider the following scenario a private citizen makes an : consider the following scenario a private citizen makes an unrestricted pledge of 5 million to a citys museum. the city
If a company had 10000 shares issued and outstanding with a : the following items were shown on the balance sheet of freelander corporation on 12312009 stockholders equity paid in
Orange corporation an accrual basis taxpayer received : a. eloise received 150000 in settlement of a sex discrimination case against her former employer.b. nell received 10000
Road ready tire co manufactures automobile tires standard : road ready tire co. manufactures automobile tires. standard cost and actual costs for direct materials direct labor and
Wendy dobson is managing director of the wichita day care : wendy dobson is managing director of the wichita day care center. wichita is currently set up as a full-time child care

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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