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Question - Answer the following two questions in 1-2 page documents.
1. Why do some accountants believe that it should offset the year-end inventory balance with a fund balance-non-spendable when no comparable fund balance is required for cash, taxes receivable, or most other assets?
2. How should governments report their capital projects and debt service activities in their government-wide statements?
Requirements:
Submit your responses to the following questions in a 1-2 page document in MS Word. Label each question clearly. Please include computations in a table.
For written answers, please make sure your responses are grammatically correct and free from spelling errors.
In recent years, the Wall Street Journal and other publications have indicated that many companies have changed their accounting principles. What are the major reasons why companies change accounting methods?
The fair value of the options, estimated by an appropriate option pricing model, is $3 per option.
Kwik Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 150,000 miles.
What amount of Communications Department costs is allocated to the Deposits Department?
Calculate the net present value on this project and determine whether the project should be accepted
1 fixed cost are 800000 and the verable cost are 75 of unit selling price what is the break even point.2 minium
You are required to calculate: Net profit for Palmer for the year to 31st July 2014, which arrives at a net profit of $51,000
Is Sanchez Printers proceeding legally by requiring its employees to work extra hours without compensation to make up for the hours lost on the Friday holiday? Explain.
A company has three separate divisions. Based on the capital invested, Division A made 10 cents per dollar, Division B made 20 cents per dollar.
l will receive annual payments of $77,000 for the next 18 years. How much must l deposit if the interest rate is 7% compounded quarterly?
A, ? and C were three companies engaged in the same trade and all preparing accounts annually to 31st March; the following statement summarises.
Discuss the differences between horizontal, vertical and conglomerate mergers and how those differ from a joint venture. Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
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