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(Budgetary journal entry)A city adopted the following budget for its General Fund for 2013. Prepare the journal entry to record the budget. Estimated Revenues Property taxes $ 9,500,000 Sales taxes 1,835,000 Fines and forfeits 65,500 Intergovernmental 1,455,250 $12,855,750 Appropriations Administration $ 2,250,000 Public safety 4,770,500 Parks and recreation 1,150,000 Streets 3,435,000 Libraries 900,000 $12,505,500.
Evaluate the economic order quantity for the spice in terms of 10 pound bags - Find the reorder point
Why does the GAAP not allow a company to use the percentage of sales and the percentage of receivables methods at the same time?
Yet fraud continues to be a problem in business. Since codes of ethics usually contain anti-fraud statements, why is fraud still occurring at these businesses?
Prepare a statement of cash flows for 2014 using the indirect method in the Operating Activ- ities section. Evaluate the following statement: Whether a company uses the direct or indirect method to report cash flows from operations is irrelevant be..
Calculate the total amount of a cash dividend of $1.00 per share. What accounts for the difference between issued shares and outstanding shares?
For this discussion, read the Public Company Accounting Oversight Board (PCAOB) report on the 2004 Inspection of McGladrey and Pullen, LLP. Pay close attention to the firm's performance of analytical procedures. The firm used analytical procedures to..
The problem involves Current Year NOL and one group carrying its NOL forward to one year. I did not understand the part,
To help you with several budgets, you will need sales in UNITS (not total dollars as listed above). You can calculate the number of sales units by taking the total sales / sales price per unit.
In addition, Wood received a 5% common stock dividend from Arlo when the quoted market price of Arlo's common stock was $10 per share. What amount should Wood report as dividend income in its 2010 income statement?
Compute the following ratios for 2008. Receivables turnover= Net credit sales/ Average net receivables and Inventory turnover
Upon studying its statement of cash flows, you note that over the last three years a firm has consistently reported negative cash flow from operating activities, positive cash flow from investing activities, and negative cash flow from financing a..
simon lost 5000 betting this year on a trip to las vegas. in addition he paid 2000 to his broker for managing his
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