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Please answer the following regarding Governmental/Non Profit Accounting:
a. Although proprietary funds are often compared to for-profit businesses, there are several differences between accounting for proprietary funds and accounting for a for-profit organization. Identify and discuss two differences for each of the fund financial statements.
b. What are the three components of net position provided by GASB? Describe how a government assigns amounts to the classification?
c. Describe and explain the accounting treatment if an internal service fund recovers more or less than the costs incurred by the fund?
Jayden calculates his 2015 income tax by using both Tax Tables and the Tax Rate Schedules. Because the Tax Rate Schedules yeild a slightly lower tax liability, he plans to pay this amount. Why is there a difference? Is Jayden's approach permissible? ..
Question 1 Finding Amounts Missing from the Stockholders' Equity Section 2013 Shareholders' equity: Preferred stock, $100 Par 15,000 Paid-in Capital in Excess of Par - Preferred Stock 3,000
Would an effectively enforced law requiring drivers to wear seat belts tend to reduce driver deaths? Pedestrian deaths? Dr. Samuel Johnson said, "There are few ways in which a man can be more innocently employed than in getting money."
You're supposed to use the data for budget and actual as given in Exhibit 8-12, as the basis to prepare a flexible budget for the company at forecasted revenue levels of $12.6 million, $13 million, and $13.4 Million.
What is the present value of $30,800 due 12 periods from now, discounted at 9%? What is the present value of $30,800 to be received at the end of each of 6 periods, discounted at 11%?
Evaluate, measure, value and present financial statements in conformity with GAAP relating to assets and assess financial accounting standards as they relate to presentation and disclosure in general purpose financial statements
question evaluate the market value of the given bond8 bonds of 150000 sold 30 months after bond issue date. 15-year
Matthews delivery service completed the following transaction durning December 2014. Dec 1 Matthews delivery service began operations by receiving $6000 cash and a truck with a fair value of $20000 from Robert Matthews. The business issue Matthews sh..
Computation of cost of goods sold using the given data - Using the following data, compute cost of goods sold
Module 3 Assignment 1 Excel Workbook Assignment - Create the 2016 Pre-Closing Trial Balance for Been Carded, Ltd and Show calculations below your completed T-Accounts proving that your beginning and ending Accounting Equations balance.
Prepare an income statement for the Cable Service Division for March. Prepare an income statement for the Phone Division for March. Include a supporting cost of goods manufactured statement.
Discuss some of the advantages or disadvantages of using the cash–basis method of accounting. Provide some examples.
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