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Question: The county of Edvic is facing a General Fund deficit in 2013 because actual tax collections are lagging behind estimates. At a staff meeting, the village manager tells the chief of public works that the chief will need to terminate one employee in April to help keep the budget in balance. The chief of public works says: "I have a better idea. You know that state grant the finance commissioner put into a Special Revenue Fund because it could be used only for planting trees along the highways? Why don't I just tell one of my boys to fill out his time sheets so that the time he spends changing street light bulbs is charged against the Special Revenue Fund. Neither our finance commissioner nor the state will ever know the difference." How should the village manager respond?
In the Clark Company, sales were $480,000, sales returns and allowances were $30,000, and cost of goods sold was $288,000. The gross profit rate was
the selling and administrative expense budget of hiser corporation is based on the number of units sold which are
What is unethical about this situation and who can be harmed? How can they be harmed? What role does accounting play?
On January 3, 2008, Roberts Company purchased 30% of the 100,000 shares of common stock of Thomas Corporation, paying $1,500,000. What was the balance in the investment account before the shares were sold?
A payment of dividends decreases which section on the statement of cash flows?
there is a safe with a 5 digit number as the key. the 4th digit is 4 greater than the second digit while the 3rd digit
Paul is concerned because the Green bonds were worth only $18,000 at the end of 2013, $5,000 less than he paid for them. He is an inexperienced investor and wants to know if this $5,000 is deductible.Draft a brief letter to Paul explaining how to han..
at the beginning of 2009 the healthy life food company purchased equipment for 42 million to be used in the manufacture
1.during the current year jacob alicia and shawn who are partners in the jas company had average capital balances of
in october mcenroe company reports 21490 actual direct labor hours and it incurs 59550 of manufacturing overhead costs.
byrd company produces one product a putter called go-putter. byrd uses a standard cost system and determines that it
If the partners agreed on a $144 000 salary allowance for each partner and the remaining balance divided 3:2:1, calculate the amount owed to each partner
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