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1. Identify and briefly describe the three broad categories of service activities that most general purpose governments perform.
2. Describe how the reporting objectives for governmentwide and governmental fund financial statements are different.
3. Explain the modified accrual basis of accounting. Why is it used for governmental fund financial statements?
4. What are the three categories of funds prescribed by GASB standards and which fund types are included in each? Which basis of accounting is used by each category?
5. What is the primary reason that governmental entities need to use funds for financial reporting? How are funds established?
Any plans to depreciate the operating assets on a straight-line basis for 20 years. Determine the amount of depreciation expense for 2010 on these newly acquired assets.
Describe the internal and external users of your company's stock information and what they would be looking for in your financial statements.
Identify the major similarities and differences between an Investment Trust Fund and a Private Purpose Trust Fund. Be sure to specify when each is used.
directions sources must be cited in apa format. your response should be a minimum of 1 single-spaced page to a
The project stakeholders, their roles and responsibilities, locations, and communication requirements. For ideas, you can refer to projects that are similar to the one you have chosen to work with.
micro technology is considering two alternative proposals for modernizing its production facilities. to provide a basis
srb corp. is considering purchasing one of two new diagnostic machines. either machine would make it possible for the
The estimate for sampling error results because the auditor has sampled only a portion of the population. Sampling error represents the:
Mile-High Foods, Inc., was formed in March 2011 to provide prepackaged snack boxes for a new low cost regional airline beginning on April 1.
A. What is Bamboo's dividends received deduction? B. How would your answer change if the gross income from operations was $140,000 instead of $200,000?
a graph of a flexible budget formula reflects fixed costs of 45000 per month and total costs of 100000 at a volume of
describe how peachtree complete accounting produces information that can be used to manage the business. identify and
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