Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
marilyn county operates on a calendar year basis it uses a capital projects fund to account for major capital projects
on august 2 2010 darmow corporation purchased a new machine on a deferred payment basis it made a down payment of 1000
the village of delmar is preparing its government wide statement of activities for the year ended december 31 2013
aircard corporation tracks the number of units purchased and sold throughout each accounting period but applies its
on february 1 2010 edwards corporation purchased a parcel of land as a factory site for 50000 it demolished an old
when oscar city prepared its fund balance sheet for the year ended december 31 2012 the general fund column contained
for each of the following indicate whether it would be reported on the balance sheet bs reported on the income
mike village sold 1000000 of general obligation bonds on october 1 2012 maturing at the rate of 100000 every 6 months
the kit company borrows 5 million at 12 on january 1 2010 specifically for the purpose of financing a construction
abercrombie amp fitch co reported the following in its financial statement notesending inventory balances were 4270
thomas county pays all the debt service on its long term general obligation bonds on april 1 and october 1 of each year
repeat m7-16 except assume the 2015 ending inventory was over stated by 100000nbsprefer m7-16nbspassume the 2015
sophie county allows its employees to earn 10 days of vacation leave every year it also allows employees to accumulate
a company incurs the following costs which may be capital expenditures or operating expenditures1 cost of installing
punkeytown carries no insurance for possible claims and as of january 1 2013 the start of its fiscal year punkeytown
in 2010 the lawrence company spends 4 million drilling oil wells sixty percent of the drilling is successful and
saitu village reported outstanding long term bonds payable of 6000000 in the governmental activities column of its
simon county realized 2500 in cash when it auctioned off three automobiles previously used by its inspectors it
oliver city reported capital assets of 4300000 and accumulated depreciation of 2000000 in the governmental activities
oahu kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory
the following transactions of the weber company occurred during 20101 the company acquired a tract of land in exchange
1 in government wide financial statements information about fiduciary funds should be presented in a discrete column to
multiple choice1 in government wide financial statements for which activities is depreciation reported a only for
use the internet to review a government cafr examine the governmental fund financial statements the governmental
the section preparing government wide financial statements points out that the state of california is accreting