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Kings County finances its retiree health and other OPEB benefits entirely on a pay-as-you-go basis. In its December 31, 2018 government-wide balance sheet, it reported a net OPEB liability of $22.6 billion. During the year, the county renegotiated its OPEB benefits structure with its employees. As a result, the county was able to reduce its net OPEB liability. It estimated its December 31, 2019 net OPEB liability at $20.8 billion.
Problem 1: Prepare journal entries needed to report the county's OPEB liability in its December 31, 2019 statement of net position. Assume that all governmental-fund-related OPEB amounts due and payable at December 31, 2019 have been paid.
What do you know about Enterprise resource planning (ERP) software, write a detail note on the ERP suppliers and their products?
private college transactions. elizabeth college a small private college had the following transactions in fiscal year
How many items of your product will you need to produce to meet this sale price? How did you calculate this
A cash budget is being prepared for Tractors Inc for the month of May. Prepare a Cash collections schedule for the month of May
A Company uses aging to estimate uncollectibles. After the adjusting entry is made, what will be the dollar balances in the Allowance for Doubtful Accounts
The table below shows the time in months between occurrences of safety violations for three operators, "A," "B," and "C," working in a toll manufacturing facility.
for august mcguire manufactering estimated sales revenue at 200000. it pays sales comissions that are 4 of sales. the
For years, the Goodyear Tire & Rubber Company compensated its sales force by paying a salesperson a salary plus a bonus, based on the number of tires he or she sold. Eventually, Goodyear made two changes to this policy:
The depreciation taken on the building was $123,000, and the building was sold for a $34,000 gain. What is the maximum amount of 25% gain
Clearpoint Inc. was organized on June 5, 2013. It was authorized to issue 300,000 shares of $10 par common stock and 50,000 shares of 5 percent cumulative class A preferred stock.
Youngblood Inc. plans to issue $500,000 face value bonds with a stated interest rate of 8%. They will mature in ten years. Interest will be paid semiannually. At the date of issuance, assume that the market rate is (a) 8%, (b) 6%, and (c) 10%.
The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment
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