Solution-What would deferred revenue be as of the end of

What would deferred revenue be as of the end of year

Assignment Help Accounting Basics

Reference no: EM132007010

Question - In Year 1, a county levied $1,500,000 of property taxes and collected $1,400,000 of that levy; in Year 2, the levy was $1,550,000 and the related collections totaled $1,495,000; in Year 3, the levy was $1,575,000 and the related collections totaled $1,530,000. Also, collections of past due taxes in Years 1, 2, and 3 were $15,000, $14,000, and $19,000, respectively. Assuming that the General Fund's deferred revenue at the beginning of Year 1 was $410,000, what would deferred revenue be as of the end of Year 3?

Reference no: EM132007010

Questions Cloud

Determining the roa of berkeley corporation : Berkeley Corporation showed a profit margin of 6.2% last year on sales of $45,000,000. If its total asset level was $37,000,000 and total debt

Develop sequence diagrams for two use-case scenarios : Identifying Market - Extend your class diagram by including associations, indicating the object role and multiplicity on each end of your associations

What was economic value added : What was Economic Value Added (EVA) for the year?

Apartment rental rate now exceeds the level reported : The sample mean is $915 and the sample standard deviation is $227.50 based on alpha=0.10

What would deferred revenue be as of the end of year : Assuming that the General Fund's deferred revenue at the beginning of Year 1 was $410,000, what would deferred revenue be as of the end of Year 3

Prepare the cash flows from operating activities : The 2014 accounting records of Blocker Transport reveal these transactions and events. Prepare cash flows from operating activities section using direct method

What is the component cost of debt : Mike Pub are trading at their par value of $,1000 and pay interest 1 times a year. If each interest payment is 11 what is the component cost of debt?

Write a reflection of your personal development plan : GRM4007 - Personal Development Planning - Gulf college - Devise and monitor an action plan for their personal development based on their awareness of the key

How much is each monthly payment : Assume you make all payments on time, at the end of the month. Answer the following questions.

User Account

All Pages

What would deferred revenue be as of the end of year

Reference no: EM132007010

Reference no: EM132007010

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT