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The newly elected mayor of Oksford noticed that in the recently enacted budget of that city, General Fund, revenues exceed expenditures by $ 15,000. Later that year, after a hurricane caused a large amount of damage, she ordered the city, finance officer to write a check for $ 15,000 from the General Fund to an emergency relief fund. Because of the unexpected nature of the hurricane, no appropriation had been made to cover this transaction. When confronted by the press, she pointed out that the state, balanced budget laws require only that the General Fund break even and that she could not in good conscience allow the city to retain idle resources when people needed help. What, if anything, did the mayor do wrong?
Use the partnership and corporate tax returns for the practice sets titled, "Pet Kingdom" and "ROCK the Ages, LLC" that you prepared in Weeks 3 and 5 in order to complete this assignment.
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medtrans is a profitable firm that is not paying a dividend on its common stock. james weber an analyst for a. g.
the balance sheet of watson company as of december 31 19x1 follows. watson company balance sheet december 31 19x1
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