Valid appropriation

Assignment Help Accounting Basics
Reference no: EM1362580

It is illegal for a government to spend money for any purpose unless a valid appropriation for that purpose exists. Does this legal rule assure good financial management for each government? Why or why not?

Reference no: EM1362580

Questions Cloud

Tracking patients with nutritional risks : Choose a healthcare facility and create a report about the facilityâ??s policies and procedures for tracking patients with nutritional risks.
Budgeted volume and standard volume : Printers Inc. manufactures and sells a mid-volume color printer (MC) and a high-volume color printer (HC). Each MC requires 100 direct labor hours to manufacture, and each HC requires 150 direct labor hours.
What is the unit vector in the direction of the blocks : Two speakers, one directly behind the other, are each generating a 275 Hz sound wave. What is the smallest separation distance between the speakers that would produce destructive interference at a listener standing in front of them? Assume that th..
Explain what are the potential risks of searching : Web Search Screening - Explain what are the potential risks of searching for information over the Internet?
Valid appropriation : It is illegal for a government to spend money for any purpose unless a valid appropriation for that purpose exists. Does this legal rule assure good financial management for each government? Why or why not?
Write program that computes loan payments : Write a program that computes loan payments. The loan can be a car loan, a student loan, or a home mortgage loan. The program lets the user enter the interest rate.
Health and wellbeing : Please choose 2 foods, (ie.Cherios-lower Cholesterol), herbs, any food or drink -that you want to talk about the supposed benefits and claims of helping our health and wellbeing by taking these.
Show executive development training : Explain what are the specific problems that are associated with development of executives, and why does coaching seem to deal with these problems?
Tax advantages and disadvantages : The cost of the measure is to be paid by a special tax. Although most of the townspeople believe the sea aquarium is a good idea, there is disagreement about how the tax should be levied.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Valuation by us gaap and ifrs

Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. In addition, briefly:

  Payroll journal entry

Maggie Moo's Ice Cream Shop had a gross pay of $19,000 and a net pay of $13,200 for the latest payroll. The journal entry to pay the payroll would be:

  Steps of accounting cycle

Can you please describe to me in detail the steps of the accounting cycle? please include references searched the solution library and need new information.

  Calculation of market value and book value

Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for $9.5 million.  The machinery can be sold to the Romulans today for $6.5 million. Klingon's current balance sheet shows net fixed assets of $5.2 million, current liabili..

  Consolidation-journal entries

On January 1, 2007, the stockholders of Phillips and Solina agreed to a consolidation. Because FASB requires that one party be recognized as the acquirer and the other as the acquirer-Prepare the journal entries on the books of Phillips to record t..

  Rules for marital status and community property income

Explain the rules for marital status and community property income. Her address is 500 Elizabeth Street, Brownsville, Texas 78520.

  Analyze tax implications for star corporation

Analyze the tax implications for the following case study. Apply the IRS codes to calculate a corporation's net operating loss based on net income. Support your conclusions with reference to specific IRS codes and regulations.

  Preparation of single step and multi step income statement

The accountant of Whitney Houston Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2007- Prepare a multiple-step income statement. Prepare a single-step in..

  Journal entry for the issuance

Prepare the journal entry for the issuance when the market price of the common shares is $ 168 each and market price of the preferred is 210 each. (Round to nearest dollar.)

  Sales tax and record journal entry

On May 10, 2007, Wiley, Inc remitted $91,450 to the state tax division for April 2007 sales. Calculate the amount of Wiley's April 2007 sales subject to sales tax, and, record the journal entry that would be made when the tax is paid:

  Stock dividend-derivative financial accounting

Derivative accounting: What are the disclosure requirements for traditional and derivative financial instruments? Should companies disclose if such instruments are used for hedging or speculation? Why?

  Code of conduct in large company

Conduct online research for a large company to see if you can find their code of conduct. What influence do you believe these codes of conduct have on the decision-making behavior of their members or employees?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd