What is meant by major fund reporting

Assignment Help Accounting Basics
Reference no: EM13257545

What is meant by "major fund reporting"? How does this differ from reporting by fund type? For what fund types is major fund reporting required? For what fund types is fund type reporting required?

Reference no: EM13257545

Questions Cloud

What is the dc gain of the compensated closed loop system : Determine the phase margin of the uncompensated and compensated system from the Nichols chart. (The graph on the left is uncompensated, the one on the right is compensated. What is the DC gain of the compensated closed loop system.
Utilize any interest-bearing debt other than the bonds : Debt: 25,000 bonds outstanding, each with a coupon rate of 6.5% paid semi-annually, par value of $1,000, maturity of 20 years, and current value of 96% of par.
Define procedure for performing subtraction by 2s-compliment : 1.) (a) What is the difference between the sign-magnitude and 2's-complement systems of representing signed binary numbers. (b) What is the advantage of using the 2's-complement system to represent signed numbers.
What is meant by requirements gathering : Why are databases important to business? How do databases generate sales and-or profits? What databases do you interact with, and how do they benefit you?
What is meant by major fund reporting : What is meant by "major fund reporting"? How does this differ from reporting by fund type? For what fund types is major fund reporting required?
Explain what is the volume occupied by mol of helium gas : What is the volume occupied by 0.118 mol of helium gas at a pressure of .97 atm and a temperature of 305k?
Amount of the adjustment for doubtful accounts : At the end of the current year, the accounts receivable account has a balance of $650,000, and net sales for the year total $5,500,000. Estimate the amount of the adjustment for doubtful accounts under each of  following assumptions:
Problem related to trial balance : In taking out a Trial balance, a book keeper finds that he is out Rs.1600 excess debit. Being desirous of closing his books, he places the difference to a newly opened suspense account. In the next period, he discovers the following discrepancies.
Determine stability of closed loop system based on nyquist : Obtain polar plot using nyquist command. determine the stability of closed loop system based on nyquist criterion. design a compensator to meet the P.O. = 10%. Plot the before and after plot on the same nyquist plot.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Beginning finished goods inventory

Brown Company has $30,000 of ending finished goods inventory as of December 31, 2008. If beginning finished goods inventory was $25,000 and cost of goods sold was $40,000, how much would Brown report for cost of goods manufactured?

  Find diff sales journal and accounts receivable master file

what is the difference between the sales journal and the accounts receivable master file? Why are they both important?

  How should the gain be treated

During the year, Henry, a sole proprietor, sold for $65,000 a machine that was used in his business. The machine had been purchased in 2003 for $50,000, and when it was sold it had an adjusted basis of $30,000. How should this gain be treated?

  Depreciation deductions

During the current year, Hugo sells equipment for $150,000, which it placed in service in 2009. The equipment cost $175,000, and $55,000 of depreciation deductions was allowed. The results of the sale are

  Relative high audit fees

Explain how acceptance of large, high risk audit clients for relatively high audit fees may threaten and audit firm's de facto and perceived independence. Under what circumstances should such prospective clients be avoided?

  What is the net amount to be paid the employee

hours worked, 48; federal income tax withheld, $341; cumulative earnings for year prior to current week, $96,780; social security tax rate, 6.0% on maximum of $103,004; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid..

  Amortized intangible assets

Should intangible assets always be amortized over their legal lives? Explain. What are the basic issues related to accounting for intangible assets?

  Gain or loss recognized on bond retirement

On February 1, 2010, Pat Weaver Inc. (PWI) issued 9%, $1,400,000 bonds for $1,700,000. PWI retired all of these bonds on January 1, 2011, at 102. Unamortized bond premium on that date was $142,800. How much gain or loss should be recognized on thi..

  Discuss your thoughts on ceo exceptionally high pay

Discuss your thoughts on whether CEOs' exceptionally high pay is economically justified. Explain your rationale.

  Prepare journal entry to record retirement of the bonds

Pet Inc. decides, since interest rates were low that it was time to retire bonds with a maturity value of $1,000,000. The bonds were callable at 100 but the market price right now is 92. Pet Inc. decides the best course of action would be to purchase..

  Net accounting income and distributable net income

A trust has net accounting income and distributable net income (DNI) of $60,000, all from taxable sources. The trustee is required to distribute $40,000 of current income to Harry.

  Straight line-doubling declining and production methods

Classic Ions, nc. purchased manufacturing equipment with an expected useful life of five years or 5,000 hours of usage. The equipment was purchased on Janruary 1, 2008, for $460,000.

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