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A local government was awarded a federal grant in the amount of $600,000 to provide for a summer employment program for young people. The grant was a reimbursement grant and was awarded on April 30, 2009. The local government expended the resources as follows: June, 2009, $220,000; July 2009, $200,000; August, 2009, $180,000. The federal government provided the funds the following months. The local government would recognize revenues for the fiscal year ended June 30, 2009 in which amount?
How can Avon have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess of Par
In your opinion could the unrealized gains on the investment held in the special revenue fund be nonexpendable or expendable. How is the transfer from the permanent fund to the particular revenue fund reported in the government-wide statements
What was the total impact on Jensen Company's 2013 income as a result of this fair value hedge of a firm commitment?
Assuming that Susan has a marginal tax rate of 30%, the net effect of her having this hobby will be to increase her total tax liability by:
At the end of 2010, inventory consisted of $18,750 units at $12 per unit, and the ending inventory for 2011 consisted of 20,000 units at $15 per unit. Compute the cost index to be used for 2010 and 2011 using the link-chain method.
Are adjusting entries used in an accrual basis accounting system or in a cash basis accounting system?
WACC and cost of common equity - If the firm's net income is expected to be $1.1 billion, what portion of its net income is the firm expected to pay out as dividends?
Variable and absorption costing unit product costs and income statement; Explanation of Difference in Net Operating Income
the company sold 200 more flash drives than planned. What is the expected effect on profit of selling the additional drives? Compute the contribution margin ratio associated with one flash drive.
prepare a memo to the chief accountant that includes the computations needed to determine primary and diluted earnings per share
Evaluation of Arithmetic Geometric Mean and NPV and the arithmetic and geometric returns for the stock
Evaluation of Standard Cost per unit - Compute Muhsin's total standard cost per unit. (Round your answer to 2 decimal places.)
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