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The following interfund transactions occurred in Becca City General Fund during the year ended December 31, 2012. For each transaction describe its nature (e. g. is it an interfund transfer an interfund loan etc) prepare the journal entry in the General Fund, and prepare the journal entry in the other affected fund.1. Received an invoice for $ 15,000 from the City, Electric Utility Fund for electricity service in October.2. Loaned $ 30,000 to the Parks Special Revenue Fund in May (the Special Revenue Fund was to repay the loan in September 2012).3. Gave $ 50,000 to the City, Mass Transit Authority as a subsidy because transit fares were insufficient to pay the authority, operating expenses.
the mason manufacturing company began construction of a building to be used as its office headquarters. the building
Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2011, balance sheet.
Prepare 2012 gift tax returns (Form 709) for the Bakers assuming that the § 2513 election to split gifts is made. The Bakers have made no prior taxable gifts. Relevant Social Security numbers are 123-45-6781 (David) and 123-45-6782 (Mia)
Consider the following information for Cowboys Town for the year ended December 31, 2015. Expenses - parking garage (enterprise fund) $ 1,200,000
which level of assurance will an auditor provide on an engagement to review the financial statements of a corporation
Identify some additional control procedures that the company might implement to reduce the monthly loss from theft of office supplies by employees.
sheela dairy corporation buys unprocessed cows milk from local farmers. at the dairy this unprocessed milk is broken
In 200 words or more, explain how ratios can be used to review a company's financial statements. Select a public company, and using price earning ratios, explain how the company is performing from a financial standpoint.
pat davis has 750000 in a retirement fund. pat plans to start taking out funds at the end of the coming year. he
a corporation had 20000 shares of 10 par value common stock outstanding on january 10. later that day the board of
several years ago shipley corporation developed a comprehensive budgeting system for profit planning and control
At the beginning of December, Global Corporation had $2,100 in supplies on hand. During the month, supplies purchased amounted to $3,800, but by the end of the month the supplies balance was only $1,300. What is the appropriate month-end adjusting..
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