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Questions -
Q1. Describe the format of the CAFR.
Q2. What information is included in the Government Wide Financial Statements?
Q3. What are the three main Types of Fund Financial Statements? What is the purpose of each fund type?
Q4. What are 3 types of Governmental fund statement? Why are they used?
Q5. What types of Supplemental Information are included in the CAFR? Define and describe.
Q6. What is the MD&A section? What is in the GASB guidelines for the MD&A section of the CAFR?
Q7. What is the difference between expenses and Expenditures?
Q8. How are long term assets and long term liabilities accounted for for Governmental funds?
On July 1, Job 46 had a beginning balance of $1,235. During July, prime costs added to the job totaled $560. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,921.
Affectionate Company sold merchandise on account for P500,000. Prepare journal entries to record the transactions
Worley's income tax rate is 40%. No potentially dilutive securities other than convertible bonds were outstanding during 2013. Worley's diluted earnings per share for 2013 would be
On the basis of the following data, what is the estimated cost of the merchandise inventory on October 31 by the retail method
Alexi files her tax return 20 days after the due date. Disregarding any interest liabilities, compute Alexi's total penalties for this period
At December 31, (before adjusting and closing the accounts) the allowance for doubtful accounts of Wilson Corp showed a debit balance of $9,525.
select and analyze an exposure draft or current standard open for comment with the iasb. as part of your analysis
Bishkek LLC developed standard costs for direct material and direct labor. Calculate and explain flexible budget variance and direct material
On January 1, 2010, Stephanie Bridges acquired depreciable real property for $50,000. What are the amount and nature of the gain
The company has a target net income of $212,000. What is the required sales in dollars for the company to meet its target?
Mr. Wiggley wants to buy a new house. It will cost $178,000. What is the amount of the monthly payment if he intends to pay the house off in 25 years?
After doing an analysis, it is determined that there is a loss contingency, but it does not appear to be probable. Describe the accounting treatment.
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