Illustrate which fund should the money be recorded in

Assignment Help Financial Accounting
Reference no: EM13130505

When a city received a private donation of $1,000,000 stipulating that the principal donation would be preserved but allowing the interest income to be spent on building a city park with access for disabled children, which fund should the money be recorded in?

Reference no: EM13130505

Questions Cloud

Describe three advantages of green it : Green IT" Please respond to the following: 1) With a focus on enterprise hardware, software, services, and human capital, list and describe three advantages of green IT.
Compute the past service costs included in net pension : Calculate the past service costs included in 2009 net pension expense (or revenue) under IAS 19. Compute the past service costs included in 2009 net pension expense (or revenue) under US GAAP
The ironies in these two story : (1)what are the ironies in these two story ? how are they develop . story of an hour by kate chopin and the jewellry by guy de maupassant 500words.
What amount of interest expenses should appear : CGT Reliable Accounting Firm purchased some property on December 31, 2009, for $ 170,000, paying $ 40,000 in cash and obtaining a mortgage loan for the other $ 130,000. The interest rate is 9% per year, with $ 8055 payments made at the end of Marc..
Illustrate which fund should the money be recorded in : When a city received a private donation of $1,000,000 stipulating that the principal donation would be preserved but allowing the interest income to be spent on building a city park with access for disabled children, illustrate which fund should t..
Elimination of the intercompany sales transaction : In Walker's December 31, Year 1 elimination of the intercompany sales transaction, the intercompany profit that must be eliminated from ending inventory is:
Find equivalent z score-percentage of area above score : Find the equivalent Z score, the percentage of the area above the score, and the percentage of the area below the score.
Explain the chemical process that occurred in his muscle : Explain the chemical process that occurred in his muscle cells to cause this discomfort. Explain the chemical reaction that has taken place in the body after exercise.
What is the ethical dilemma in this situation : Heidi Hart, the vice president of financial operations for Castle Candy Manufacturing Company and the controller, Linda Brown, are reviewing the financial statements for the prior two years of 2003 and 2004.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Net income of the financial brokers partnership

Evaluate what was the net income of the Financial Brokers Partnership for 2008

  Evaluate the collins'' debt ratio

Impact of change in credit policy on the debt ratio - what will Collins' debt ratio be after the change in DSO is reflected in the balance sheet?

  Evaluate the eps disclosure that will appear in the december

Evaluate the EPS disclosure that will appear in the December 31, X1 annual report.

  What do you mean by the break-even point

What do you mean by the break-even point? Anu has decided that unless the operation can earn at least $43,750 in operating profits, she will close it down. What number of tickets must be sold for anus amusements to make a $43,750 operating profit f..

  Find ending finished-goods inventory cost

Find ending finished-goods inventory cost under absorption costing and evaluate the ending finished-goods inventory cost under variable costing?

  Prepare next year''s financial plan for haverly

Prepare next year's financial plan for Haverly on the basis of these assumptions and last year's financial statements. Include a projected income statement, balance sheet, and statement of cash flows.

  Write a schedule computing the threshold for asset amounts

Write a schedule computing the threshold for asset amounts

  Evaluate the translation adjustment

If the DKK is the functional currency for the subsidiary, evaluate the translation adjustment for Tran's yearend consolidated financials. Evaluate the economic relevance of this adjustment.

  Compute wilson basis in his partnership interest at the end

Indicate the amount of income or loss from the partnership that should be reported by Wilson in 2011 on his Individual Income Tax Return. Compute Wilson's basis in his partnership interest at the end of 2011.

  Tara receives all of stock in black corporation

In return for these transfers, Tara receives all of stock in Black Corporation. Which is correct?

  Journal entries for legal expenses

Journal entries for legal expenses incurred in contesting the insurance settlement

  Government-wide financial statements

What information do the government-wide financial statements present and What information do the fund financial statements present?

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