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Question:
Select a local government in the state of Maryland and evaluation the financial statements and audit report for the municipality or county. The financial statements of the government selected could have at least three funds.
Analyze the technique of accounting used for the general fund and all other funds in existence by the government. Evaluate the reasoning for the use of the technique of accounting for each of the funds as required by GAASB.
Show the compliance and application of GASB Statement 34, Basic Financial Statements and Management Decisions and Analysis for Local and State Governments to each of the funds.
Evaluate management's discussion and analysis (MD&A). In your evaluation, analyze the significant information in the MD&A and how the information contributed to the clarity of the financial statements. From your analysis of financial statements, check and analyze information that should be included in the statements.
Determine whether the entity's financial position improved or deteriorated during the reporting period. Speculate on the causes from your review of the financial statements.
Evaluate the cost of the ending inventory of three methods
Determine the journal entry to record their issuance by The Bradford Company on January 1, 2013.
What is the balance in Cartwright's capital account at the end of that year?
Except the stock sale is an integral part of the incorporation plan
A company had a market price of $38.10 per share, earnings per share of $1.55, and dividends per share of $0.70. Calculate its price-earnings ratio
Purpose the cash flows from the operating activities
Determine the total fixed cost per month
Compute the amount of the annual instalment
Evaluate the relevant costs of the old machine and the new machine.
Ethical Dilemma What's an expense?
Evaluate cost of the ending work in process of the department
Determine the minimum price per unit the company should accept
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