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A government had the following transfers reported in its governmental funds Statement of Revenues, Expenditures and Changes in Fund Balances: (1) a transfer from the General Fund to a debt service fund in the amount of $l,000,000; (2) a transfer from the General Fund to an enterprise fund in the amount of $1,200,000; and (3) a transfer from the General Fund to an internal service fund in the amount of $400,000. The amount that would be shown as a transfer out in the governmental activities column in the Statement of Activities would be:
A. $2,600,000
B. $1,400,000
C. $1,200,000
D. $ 800,000
May return the computers and avoid paying for them because the contract was void under the theory of commercial impracticability.
a. compare and contrast the size of the potential payoff and risk involved in each of these alternatives. b. calculate the 3 month rate of return on both strategies assuming that at the option expiration date Brenners' stock price has 1. increased..
A new board member for the Fire Protection District (a special purpose government) was reviewing the audit report for the district and noted that, although the district received an unqualified opinion, the audit report was longer the one received ..
Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets?
Monterey Corporation is considering the purchase of a machine costing $52,000 with a 4-year useful life and no salvage value. Monterey uses straight-line depreciation and assumes that the annual cash inflow from the machine will be received unifor..
How are the income statement and statement of cash flows used to make business decisions? What are the advantages and limitations of using them to make decisions affecting the future of a business?
If standard deviation is 10 units per week, lead time is 2 weeks, demand is 50 per week, lot size is lot - for - lot, and desired service level is 97.72%, what is the statistical reorder point?
What is the impact of not balancing intercompany payables/receivables on a monthly basis? What is the impact on not eliminating intercompany payables/receivables during the consolidation? Is there an instance where either of these two practices wo..
Rand Company sells fine collectible statues and has implemented activity-based costing. Costs in the shipping department have been divided into three cost pools.
The average remaining service period for employees expected to receive benefits is ten years. What is the amount of amortization to pension expense for year?
Giant produces consolidated financial statements to combine the two companies. Which of the following statements is correct about these consolidated statements?
In truth, not enough to pay for the band's expenses. For his taxes, Rocky receives Form 1099 Misc for his music performances.
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