What amount should be reported in hardin county agency fund

Assignment Help Accounting Basics
Reference no: EM132429352

Question - The tax agency fund of Hardin County collected $1,000,000 for a school district, $5,000,000 for the county General Fund, and $500,000 for a town located in the County. What amount should be reported in the Hardin County Agency Fund?

• $1,500,000.

• $ 500,000.

• $1,000,000.

• $6,500,000.

Reference no: EM132429352

Questions Cloud

How would the april payment be reported : A general obligation bond issue accounted for through a Debt Service Fund requires principal payments. How would the April 1st payment be reported
Life of intellectual contemplation : What do you think of Aristotle's conclusion that the good life is a life of intellectual contemplation and are there other ways of life that could bring happine
Evaluate each of the limits listed : Find the formulas for the functions listed below and specify their respective domains and Determine whether the evaluation of the limits
Describe how disability can be defined as a social construct : Describe how disability can be defined as a social construct. Describe the intersection of Stephanie's mental illness with other characteristics of her identity
What amount should be reported in hardin county agency fund : The tax agency fund of Hardin County collected $1,000,000 for a school district, What amount should be reported in the Hardin County Agency Fund
What is the linear regression equation for the old process : What is the linear regression equation for the old process? Interpret what the slope in this equation means? What is correlation coefficient for new process?
Determine the balance of accounts receivable at december : Aardvark Company sells merchandise only on credit. For the year ended December 31, 2018. Determine the balance of Accounts Receivable at December 31, 2018
How has changed the perceptions of sex and gender : How has learning about these concepts changed your view of U.S. societies and cultures or your perspective of other cultures outside the U.S.?
Calculate the issue price of the bond : On January 1, 2014, Kramer International Inc. issued $200,000, 9%, 5-year bonds. Calculate the issue price (PV) of the bond

Reviews

Write a Review

Accounting Basics Questions & Answers

  On january1 2004 abc company purchased equipment for 98000

on january1 2004 abc company purchased equipment for 98000. the equipment was assigned a 12-year life a 14000 residual

  What cash flow begining cash and ending cash items represent

What the cash flow, begining cash, and ending cash items represent. Assume short-term borrowing and investing are not included in any of the cash flow items.

  Compute consolidated comprehensive income

Purple Corporation acquired 75 percent of Socks Corporation's common stock on January 1, 20X8, for $435,000. Compute consolidated comprehensive income

  Depreciation expense using the sum of the years

Compute 2010 depreciation expense using the sum-of-the-years'-digits method assuming the machinery was purchased on April 1, 2010.

  Delta division of ramo products

But the first month using the department shows that my costs are up more than 20 percent." Don Thompson, the general manager of the Delta Division of  Ramo Products, had just received his monthly bill for maintenance services and was obviously ups..

  Compute the expected cash collections during february

Collections from customers are normally 70% in the month of sale and 30% in the month following the sale. Compute the expected cash collections during February

  Determine agi after considering the capital gains and

48 capital gains and losses. consider the four independent situations below for an unmarried individual and analyze e

  Should the company keep the old building or purchase

What will the net present value of cash flows be if the company purchases the new building?

  In september leno company receives a special order for

leno company manufactures toasters. for the first 8 months of 2014 the company reported the following operating results

  Prepare a post-closing trial balance

Prepare a multiple-step income statement and a retained earnings statement for the year and a classified balance sheet. Prepare a post-closing trial balance.

  What should campbell record as a net deferred tax asset

What should Campbell record as a net deferred tax asset or liability for the year ended Dec 31 2011

  Describe the accounting for the issuance for cash of no-par

Describe the accounting for the issuance for cash of no-par value common stock in excess of the state value of the common stock

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