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The Village of Albert, Alley recorded the following budgetary journal entry at the beginning of fiscal 2013:Estimated revenue ............. 5,000,000Appropriations................... 4,950,000Budgetary fund balance............... 50,000At the end of fiscal 2013, what would be the effect on the ending actual fund balance, assuming the following:a. Actual revenues are equal to estimated revenues, and actual expenditures are $ 7,000 less than appropriations.b. Actual revenues are equal to estimated revenues, and actual expenditures are equal to appropriations.c. Actual revenues exceed estimated revenues by $ 4,000, and actual expenditures are equal to appropriations.d. Actual revenues are $ 3,000 less than estimated revenues, and actual expenditures are $ 2,000 less than appropriations.
Explain why the cash flows (profit minus costs) for a project that are expected to continue for 20 years need to be discounted. Why not simply use the amounts as they are
Compute the cost of goods sold and ending inventory, assuming FIFO cost flow, LIFO cost flow, and weighted average cost flow. Use a vertical model to prepare the 2010 income statement, balance sheet, and statement of cash flows under FIFO, LIFO, w..
anna and melanie organize their new entity as an llc on may 16th of the year 1. what is the default tax classification
the general manager of qantas had two concerns the companys worsening cash position 3000 cash and no bank loan at the
1 yankton company began the year without an investment portfolio. during the year they purchased investments classified
baucom company accepted credit cards in payment for 6850 of merchandise sold during march 2012. the credit card company
The appraised value of the property is 490,000 and of the warehouse is 980000. Prepare the entry by cheng for the receipts of the properties.
Peleluc Inc ("Peleluc"). is a Canadian controlled private corporation that produces and sells gourmet cat food. Due to its overwhelming success,
1. Determine the total compensation cost pertaining to the restricted shares. 2. Prepare the appropriate journal entry to record the award on January 1, 2009.
when the return on investment for each division of a corporation is greater than what the return would be if each
Micro spinoffs,Inc issued an 20-year-old debt a year ago at par value with a coupon rate of 8 percent, paid annually. Today, the debt is selling at $1050. If the firm is tax bracket is 35 percent, what is its after-tax cost of debt?
on january 1 2011 deuce inc. acquired 15 of wiz co.s outstanding common stock for 62400 and categorized the investment
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