User Account

All Pages

Offset the year-end inventory balance with a fund balance

Assignment Help Accounting Basics
Reference no: EM13700973

Instructions:
Answer the following two questions in 1-2 page document.

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?
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.
Follow the Guide to Writing and APA Requirements.

Reference no: EM13700973

Questions Cloud

Assess the organization financialhealth : Accounting-basedperformance evaluation is used regularly to assess the organization's financialhealth and to inform both internal and external stakeholders. Examining costcenters, profit centers, and investment centers is often part of this kin..
What is the annual net cash cost : If a corporation issued $3,000,000 in bonds which pay 5% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%?
Preparing financial statements based on data : After reading and discussing how important it is for auditors to gather evidence to back up client claims, you are now introduced to accounting services where it is unnecessary to verify management's information.
One day the new ceo of the food service division : One day the new CEO of the Food Service Division (who happened to have a Marketing background) stopped by your office with a sheet of paper, handed it to you and said, "I just got back from this financial symposium and I heard a lot of terms an..
Offset the year-end inventory balance with a fund balance : 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?
How do you know that the information is secure from phishing : Computer system provides protection using the Bell-La Padula policy. How would a virus spread and how do you know that the information you type in is secure from phishing?
Capital investment decisions and the time value of money : Dominic Hunter, a second- year business student at University of Utah, wll graduate in two years with an acoounting major and a Spanish minor. Hunter is trying to decide where to work this summer. He has two choices: work full time for a bottl..
What gain and net reduction in retained earnings : 1) Pierson Corporation owned 10,000 shares of Hunter Corporation. These shares were purchased in 2011 for $90,000. On November 15, 2015, Pierson declared a property dividend of one share of Hunter for every ten shares of Pierson held by a stock..
Prepare the entries on both companies : Kelsey Co. exchanged Building 26 which has an appraised value of $4,800,000, a cost of $7,590,000, and accumulated depreciation of $3,600,000 for Building K belonging to Dino Co. Building K has an appraised value of $4,512,000, a cost of $9,030,00..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd