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A citizen sued a city because he was accidentally shot by a police officer. The city acknowledges responsibility for the accident, and based on ongoing negotiations, the city, attorney believes the citizen, claim will probably be settled for about $ 75,000. The accident occurred on March 14, 2013; the government, fiscal year ends June 30, 2013; and the city, attorney believes settlement will be reached in about January 2014. Prepare the journal entry, if any, the city should make regarding this event when it closes its General Fund books for fiscal year 2013. To support your answer state the principle that governs the accounting for this event in the General Fund.
can anyone explain me what effects gross profit and cost of goods sold and why is this number so important. how it is
to what extent are countries changing with respect to national cultures and accounting values? are they converging or
phil collins realty corporation purchased a tract of unimproved land for 52000. this land was improved and subdivided
Record the difference of the sale price of a building
What is a stock repurchase? Describe the procedures a company follows when it make a distribution through a stock purchase.
Purchased $100,000 of U.S. Treasury 6% bonds, paying 102 plus accrued interest of $1000. The security is to be held short-term profits.
Watson Electric produces bulbs for emergency flashlights. The following data on the number of lumens (i.e. lumens measure the level of "brightness") for 40-watt bulbs were collected when the process was in control.
in comparing u.s. gaap and international financial reporting standards ifrs with regard to a basis for measurement of a
which one of the following would be the same total amount on a flexible budget and a static budget if the activity
kellys boutique nbspcash budgetsee the attachment for full information about nbspkellys boutiquenbspattachment- unit 7
prepare the necessary adjusting journal entries for items a through h. assume that adjusting entries are made only at
estimated useful life of 10 years. Determine the depreciable cost, the straight-line rate, and the annual straight-line depreciation.
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