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Reck Gvt and Non Profit Accounting 16th Editionprepare statement of activity for Weistein Musical Society from the following data Details Admin Salaries 45Cash Contributions Restricted for classical music appreciation program 250Collections of unrestricted pledges from prior year 300Depreciation Office Equipmnet 2Depreciation Equipmnet Classical Music Appreciaiton Program 12Depreciation Maestro Program 5Fundraising Expenses 75Investment Income 100Material and supplies used Maestro Program 330Payment of interest on not 22Payment to retire long term note that matured during the year 250Pledges during year (and outstanding at year end) to support Maestro 1200Rent - Performance Halls - Professional Program 500Salaries - Professional Programs 379Teacher Salaries Classic Music Appreciation Program 23Teacher Salaries Classic Music Appreciation Program 77Temporarily restricted net assets 01/01/2015 1100Ticket Sales - Performances of Musicians in the professional program 150Unrestricted cash Contributions 800Unrestricted net assets 01/01/15 320Unrestricted pledges during year (and outstanding at year end) 540Unrestricted earnings on investments and temporarily restrictedinvestments 58
Oslo Corporation decided to issue common stock and used the $400,000 proceeds to retire all of its outstanding bonds on January 1, 2010. The following information is available for the company for 2009 and 2010.
The hockory Cabinet and furniture Company makes chairs. The fixed cost per month of making chairs is $7,500, and the variable cot per chair is $40. Price is related to demand according to the following linear equation.
John's basis in his stock is $25,000. What gain or loss will John and Bass Corporation recognize on the distribution of the land?
Compute the acquisition cost of the equipment and prepare the journal entry to record the purchase.
The bonds are dated January 1, 2006, and mature on January 1, 2010. The total interest expense related to these bonds for the year ended December 31, 2006 is ??
Litten Corporation's most recent income statement appears below: gross margin percentage. The gross margin percentage is closest to:
CPAs attest to management assertions by reference to pre-established criteria. What criteria are used to judge the fairness of financial statements during a financial statement audit? Why is it important that the attest function references specifi..
The trust reports on a calendar tax year and distributes the $60,000 of 2007's net accounting income to Marty on January 20, 2008. No other distributions are made the current year. Marty's taxable income from the trust this year is:
At the beginning of 2011, Red decided to change the depreciation to the double-declining balance method. The residual value remains at $4 million. Ignoring income taxes, what will be Red's depreciation expense for 2011?
An amortization schedule for bonds issued at a premium: A. Summarizes the amortization of the premium, a contra-asset account with a credit balance. B. Is reported in the balance sheet.
Rhoda, a calendar year taxpayer, files her 2010 return on November 4, 2012. She did not obtain an extension for filing her return, and the return reflects additional income tax due of $25000.
What are the critical components of a business plan? Consider any changes which would be required if the plan were to be used in the foreign country.
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