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Question - US Government/Non-profit Accounting
Contributions of long-lived assets may affect more than one type of fund.
Discovery Barn, a not-for-profit science center for children, received a contribution of $30,000 explicitly designated for the acquisition of computers. During the year it acquired $21,000 of computers, which it estimated to have a useful life of three years. It is the policy of the organization to charge an entire year's depreciation in the year of acquisition.
Prepare all required journal entries, being certain to indicate the type of fund in which each entry would be made.
Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense?
selected data from the carmen company at year end are presented belowtotal assets 2000000average total assets
Julian Herrara, a sophisticated investor who is both willing and able to take risk, has just noticed that Go-West Airlines has become the target of a hostile takeover. Prior to the announcement of the offer to purchase the stock for $72 a share, t..
Discuss the key factors that determined the company's financial performance during the year. Discuss what the primary assets held by the company are. Demonstrate how management portrays the internal control environment of NIKON.
minist company sells a single product at a selling price of 15.00 per unit. last year the companys sales revenue was
delta mowers has a debt-equity ratio of 1.2. its wacc is 10.1 percent and its cost of debt is 7.5 percent. there is no
At what point should the revenue from the gift cards be recognized? Should the revenue be recognized at the time the card is sold, or should it be recorded when the card is redeemed? Explain the reasoning to support your answers.
How can a company manage earnings by changing the estimated useful lives of depreciable assets? Is this an effective technique to manage earnings?
Angela Howard operates her own catering service
Ann took Bonnie's watch without Bonnie knowing of the theft. Bonnie subsequently discovered her loss and was informed that Ann had taken the watch. Bonnie immediately pursued Ann. Ann pointed a loaded pistol at Bonnie, who, in fear of being shot, ..
louis files as a single taxpayer. in april of this year he received a 900 refund of state income taxes that he paid
during september the following summary transactions were completed. sept. 8 paid 1356 for salaries due employees of
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