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Hope received $135,000 in cash from pledges made in 2011 that were unrestricted as to purpose but intended to be expended in 2012.
Prepare, in good form, a Statement of Operations for the Baton Rouge Community Hospital for the year ended December 31, 2012.
List those items required to be reported "outside" the performance indicator in the Statement of Operations.
Estimate that the amounts collected from third-party payors will be $22,000 less than the amount billed, due to contractual adjustment.
Describe the accounting treatment by hospitals and health care organizations for property, plant, and equipment acquisitions .
During 2012, Carnegie reclassified $65,000 of funds that had been given in 2011 to support unspecified activities in 2012.
During the year ended June 30, 2012, a donor made a cash contribution in the amount of $1,000,000 with the stipulation that the principal be invested .
The accounts of the County Office Building Construction Fund were closed. Record the transaction in the County Office Building Construction Fund.
Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the debt service fund for the year ended December 31, 2011.
Prepare journal entries for the capital projects fund based on the aforementioned information. Include a closing entry.
Comment on where the fixed asset and long-term liability associated with this capital lease would be recorded and the impact of the journal entries.
Prepare a separate Statement of Revenues, Expenditures, and Changes in Fund Balances for the Library Book Permanent Fund for the Year Ended December 31, 2012.
Is a reconciliation shown from operating income to net cash provided by operations?
Why might it be desirable to operate enterprise funds at a profit?
Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Assets for the Year Ended December 31, 2012.
When is it appropriate to account for special assessment activities in an agency fund?
Assuming Christie holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA.
The Rentz Corporation is attempting to determine the optimal level of current assets for the coming year.
If the firm did not take discounts but it did pay on the due date, what would be its average payables and the cost of this nonfree trade credit?
The Thompson Corporation projects an increase in sales from $1.5 million to $2 million, but it needs an additional $300,000 of current assets .
Write the name and address of the independent auditor. Is the auditor's opinion unqualified?
What is the definition of a government as agreed upon by the FASB and GASB?
Accounting and financial reporting for state and local governments use, in different places, either the economic resources measurement focus.
GASB considers budgetary accounting and reporting to be important. List the principles outlined by GASB related to budgetary accounting and reporting.
A donor provided investments totaling $4 million to create an endowment, the earnings of which will be used to provide scholarships.