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Question: (Interfund transactions) Prepare journal entries to record these interfund transactions in each affected fund:
1. The General Fund makes a short-term loan of $75,000 to a Special Revenue Fund.
2. The General Fund sends $100,000 cash to the Debt Service Fund so the latter fund can pay the debt service on general obligation bonds.
3. The General Fund receives a bill for $45,000 from the Motor Pool Internal Service Fund for motor vehicle services provided to city agencies in April.
4. The General Fund had previously paid $34,000 for consulting services and recorded the entire amount as expenditures. It now bills the Capital Projects Fund $10,000 for that fund's share of the consulting services.
A contract probably hasn't been formed because of what basic principle of contract law - Steve honestly believed that a contract had been formed, and he could sue Elliot and Richard if they failed to uphold the terms of the contract. A contract pro..
What is §1244 stock? Under what conditions is it advantageous for a shareholder to hold §1244 stock? Why did Congress bestow these tax benefits on holders of such stock?
Compare and contrast composite depreciation vs straight-line and declining balance depreciation. Under what conditions is it appropriate for a business to use the composite method of depreciation for its plant assets? If you were given a choice betwe..
Product S has a contribution margin of $150 per unit and requires three hours of machine time. Product T requires four hours of machine time and provides $200 of contribution margin per unit.
a) Find the estimated mean age difference between the two neighborhoods. b) Find the standard error of the estimated mean difference. c) Calculate the t-statistic for the observed difference in mean ages assuming that the true mean difference is 0.
That $2,683,000 is set aside in a special fund for the replacement of the equipment?
nicholas company obtained an 80000 line of credit from the bank on january 1 2008. the company agreed to accept a
the accounting records of rockness company provided the data below in 000snet income 25200depreciation and
The Icelandic Company reported an adjusted net operating profit after taxes (NOPAT) of $27,550 in 2008. In this year the cost of capital was 16.5% and their adjusted investment was $235,000.
shepler boot company makes specialty boots for the rodeo circuit. on december 31 2010 the company had a 500 pairs of
Name benefits and costs of decentralization. What properties should transfer-pricing system have? Under what conditions is market-based transfer price optimal?
Summarize the results of your 100,000 trials of ten flips each in a barplot. Convert the results to probabilities and represent that in a barplot as well. Write a brief interpretive analysis that describes what each of these barplots signifies and..
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