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Question: (Sale of assets adjustments for government-wide financial statements(FSs)) Simon County realized $2,500 in cash when it auctioned off three automobiles previously used by its inspectors. It deposited the proceeds in its General Fund. According to its capital asset records, Simon had originally purchased these automobiles for $70,000. Accumulated depreciation on the automobiles as of the date of the auction was $66,000. Prepare the journal entry needed to adjust Simon's 2013 fund financial statements so government-wide statements can be prepared.
Q1. What is Swamp Fox's estimated sales in units for next year? A. 41,485 pairs. B. 38,300 pairs. C. 40,000 pairs. D. 40,685 pairs. E. Some other amount.
Peralta Company borrows $45,600 on July 1 from the bank by signing a $45,600, Prepare the journal entry to record the proceeds of the note
How do you record the interest that is unpaid on a note payable?
he anticipates that the business will be profitable immediately due to a patent he holds. he predicts that profits for
what is meant by the gamma of an option position? what are the risks in the situation where the gamma of a position is
during october shandra company had 99250 of cash receipts and 96273 of cash disbursements. the october 31 cash balance
Goods from a supplier costing $760 are in transit with UPS on December 31, 2014. The terms are FOB shipping point (explained in the "Required" section). Because these goods had not yet arrived, they were excluded from the physical inventory count.
A small loan company finds 12% of its loans are defaulted for an average of 20% of the loan value. What is the expected percent of default for all their loans?
Enter the name of the balance sheet item(s) affected under the appropriate column and indicate whether there has been an increase or decrease.
The following data are taken from the comparative balance sheets of Bundies Billiards Club, which prepares its financial statements using the accrual basis of accounting.
joanjim corporation was organized on january 1 2012. it is authorized to issue 20000 shares of 6 40 par value preferred
If a particular accounting choice is considered aggressive in nature, then the financial performance for the current period would most likely: A. be neutral.
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