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1. Provide examples of resources that are temporarily restricted as to:
(a) purpose;
(b) time; and
(c) the occurrence of a specific event. Provide an example of permanently restricted resources.
2. A not-for-profit organization receives a restricted gift. When, and in which type of fund, should it recognize the revenue? When, and in which type of fund, should it recognize the related expense?
What is the reason for the apparent inconsistency between the fund types in which the revenues and expenses are reported?
george corporation has an estimated monthly sales of 20000 units for 64 per unit. variable costs include manufacturing
1. two individuals a and b want to form a new business venture invest 5000 each in it and raise additional capital of
What are some ethical concerns in the preparation and use of a company budget?
The net amount required to retire a bond before maturity (assuming no call premium and constant interest rates) is the:
What are the common errors and frauds in the personnel and payroll cycle? Which control characteristic are auditors looking for to prevent or detect these errors and frauds?
Show the journal entries in 2006. (Please be reminded the year-end for ABC Corporate is Dec 31, adjusting is required)
What are assets? What are liabilities? What is equity? What are current liabilities? Explain what working capital is and how it is computed.
Beka Company owns equipment that cost $50,000 when purchased on January 1, 2005. Prepare Beka Company's journal entries to record the sale of the equipment in these four independent situations.
Manufacturing overhead for the period is budgeted at $135,000, of which 20 percent is fixed. The 17,200 hours worked during the period resulted in production of 8,500 units. Manufacturing overhead cost incurred was $136,500.Calculate the following..
matthew borrows 250000 to invest in bonds. during 2013 his interest on the loan is 30000. matthews interest income from
What are the right formula's for interest rate on long term debt, par value of common stock, and dividend policy?
How do you determine the tax character of a recognized gain or loss? Would you rather have a realized gain or loss or a recognized gain or loss?
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