What is the entry to recognize the receipt of NCA

Assignment Help Accounting Basics
Reference no: EM132806677

Question - Agency AAA received the following for the year 2020:

Appropriations Allotment NCA

Capital Outlay P 580 million P 550 million P 450 million

Maintenance and Other Operating Expenses 190 million 175 million 155 million

Personal Services 125 million 120 million 110 million

Financial Expenses 3 million 2 million 2 million

Required - Using the information in No. 21, what is the entry to recognize the receipt of NCA for CY 2020?

Reference no: EM132806677

Questions Cloud

Would the expected rate of return on a security : Why would investors invest in such a security? Would the expected rate of return on a security with a beta less than zero be more or less than the risk-free
Religious diversities in nonprofit health system : Do you think there is a difference in the approach of respecting religious diversities in a nonprofit health system vs. a for-profit? Explain your thoughts.
Enter the amount to be recorded in other information area : Taxable car allowance of $1,428.20. Enter the amount to be recorded in the Other Information area using Code 40 on Vera's T4 information slip.
About the strategic management to your professional lives : You have the opportunity to be creative and to relate what you have learned about the Strategic Management to your professional lives.
What is the entry to recognize the receipt of NCA : Agency AAA received the following for the year 2020: Using the information in No. 21, what is the entry to recognize the receipt of NCA for CY 2020
How is capital structure determined : If company M owns $ 4,100.00 (debts: corporate bonds); $ 2,200.00 (preferred shares) and $ 2,800,000 (common shares), how is its capital structure determined?
Determine the ending inventory : What is the cost and the carrying value for the assets discussed above as at 30 June 2019 - What is the appropriate accounting treatment for the events
Find what is the required return on the stock : The expected growth rate of dividends is 4%. Using the constant dividend growth model, what is the required return on this stock? Show your calculations.
Research effect of covid-19 in meeting events : Research the effect of COVID-19 in meeting events and conventions and what is the future of MEEC.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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