Expenditures and changes in fund balances

Assignment Help Accounting Basics
Reference no: EM13138722

A government reported an other financing source in the amount of $800,000, related to the sale of land in its governmental funds Statement of Revenues, Expenditures and Changes in Fund Balances. The land had a cost of $350,000. The adjustment in the reconciliation, when moving from the governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the change in net assets for governmental activities in the Statement of Activities would be a(an):

A. Increase of $450,000

B. Decrease of $450,000

C. Increase of $350,000

D. Decrease of $350,000

Reference no: EM13138722

Questions Cloud

Define what is the maximum bandwidth of the low pass : What is the maximum bandwidth of the low pass filters at the receiving end of the link? What bandwidth would you recommend for the LPFs?
The effectiveness of healthcare leaders : Do a case study on: The effectiveness of healthcare leaders performance enhacement with patients' satisfaction. From the doctors office to the hospital
What is a placement goal : In discussing affirmative action in the workplace, the term "quotas" tends to pop up.  What is a quota, and what is a placement goal?  What do you see as the factor or factors that distinguish the two?
Define what is the peak frequency deviation of the fm signal : What is the peak frequency deviation of the FM signal and bandwidth of the FM signal? The signal is received with CNR = 30.0 dB. What is the SNR of the recovered video signal at the radio receiver output?
Expenditures and changes in fund balances : The land had a cost of $350,000. The adjustment in the reconciliation, when moving from the governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the change in net assets for governmental activities in the Statemen..
Analyze your own education and experience : Analyze your own education and experience as qualifications for entrepreneurship.
Create frequency distribution and percentage distribution : The strength of 30 insulators are in the file. Please help with the below questions: Construct a frequency distribution and a percentage distribution.
Define what is the maximum symbol rate : What is the maximum symbol rate for this link and the number of bits per symbol? What format would you recommend for the transmitted current pulses on this baseband link?
What is the company current ratio close to : Crockford Company's working capital is $272,000 and its current liabilities are $340,000. What is the company's current ratio close to?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the ending balance of goods in process inventory

"The production department started the month with the beginning goods in process inventory of $350,000. During the month, it was assigned the following costs: direct materials, $192,000; direct labor, $90,000; overhead applied at the rate of 30% o..

  Write an analysis about test of liquidity

Write an analysis about test of liquidity that compare Best buy to Radio Shack and Conn's.

  Question regarding capital structure and dividend policy

Tapley Inc. currently has assets of $5 million, zero debt, is in the 40% federal-plus-state tax bracket, has a net income of $1 million, and pays out 40% of its earnings as dividends.

  Demands interest on the note

Lee needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Lee will receive on the sale of the note?

  Prepare pro forma consolidated worksheet

Prepare pro forma consolidated worksheet. Prepare a pro forma consolidation worksheet for Parent, Inc. and its proposed subsidiary as of December 31, 2009.

  Determine the inventories direct material costs

JD Enterprises applies factry overhead based on dirct labor costs. The company incurred the following costs during 2003: dirct materials costs, $650000; direct labor costs, $3,000,000; and factory overhead costs applied, $1,800,000.

  What should marc say to kelly

In this way we could combine the recording and posting process into one step and save ourselves a lot of time. What do you think?

  What are the steps used in lean production

What are the steps used in lean production which reduces inventories, decreases defects, reduces wastes, and shortens customer response times.

  Understanding the benefits of accounting

Describe financial statements users (internal and external) . Who will benefit the most from accounting?

  Basics of balance sheet and income statement

Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life.

  Accounts receivable and inventories

The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventories. The December 31, 2011, balance sheet revealed the following:

  Prepare the journal entries to record the deferred

Management has determined that they should record a valuation allowance equal to the net deferred tax asset. Assuming a tax rate of 34%, prepare the journal entries to record the deferred tax provision and the valuation allowance.

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