Accounting

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Assume that in the 20X7 fiscal year the General Fund collected 10,300 of taxes that were levied and ... Started by V@ndy87	1 Replies 52 Views	Jul 6, 2018 by Pamela.irrgang@yahoo.com
How does receiving a bill to be paid next month for services received affect the accounting ... Started by neverstopbelieb	1 Replies 157 Views	Jul 6, 2018 by leahm14
How does the purchase of equipment by signing a note affect the accounting equation? a. assets ... Started by SGallaher96	1 Replies 134 Views	Jul 6, 2018 by epscape
Land, originally purchased for 30,000, is sold for 62,000 in cash. What is the effect of the sale on ... Started by bclement10	1 Replies 119 Views	Jul 6, 2018 by Juro
Whichofthefollowingis a liability? e. Accountspayable f. Accountsreceivable g. Wagesexpense h. ... Started by mikaylakyoung	3 Replies 59 Views	Jul 6, 2018 by at
A budgetary comparison schedule is required to include all of the following columns except A. The ... Started by vicky	1 Replies 102 Views	Jul 6, 2018 by bob
The county received a 75,000 payment in lieu of taxes from the water Enterprise Fund. The Enterprise ... Started by silviawilliams41	1 Replies 41 Views	Jul 6, 2018 by ErinKing
New municipal building office equipment costs 400,000 and is being financed with a capital lease. If ... Started by AEWBW	1 Replies 33 Views	Jul 6, 2018 by frogdreck123456
Transactions affecting owner's equity include a. owner's investments and payment of liabilities b. ... Started by mydiamond	1 Replies 46 Views	Jul 6, 2018 by joneynes
Michael Anderson is starting his computer programming business and has deposited in initial ... Started by danielfitts88	1 Replies 28 Views	Jul 5, 2018 by 6ana001
A city recently ordered a new fire truck. The base cost of the truck is 250,000 . In addition, ... Started by krzymel	1 Replies 52 Views	Jul 5, 2018 by kkenney
The city of Trixie reports in its General Fund a 505,000 special item (a gain) and a 1,750,000 ... Started by captainjonesify	1 Replies 29 Views	Jul 5, 2018 by bpool94
The purpose of encumbrance accounting is to A. Manage a government's cash flows. B. Avoid ... Started by mwit1967	3 Replies 32 Views	Jul 5, 2018 by emily12345
Assume that a general capital asset was sold for 2,500 . The asset was originally purchased for ... Started by lbcchick	1 Replies 96 Views	Jul 5, 2018 by Liamb2179
The City of Bamberg, which has a fiscal year end of December 31, issued a nine month 1,000,000 bond ... Started by joe	1 Replies 32 Views	Jul 5, 2018 by lindahyatt42
The financial statement that presents a summary of the revenues and expenses of a business for a ... Started by Collmarie	1 Replies 52 Views	Jul 5, 2018 by nickk12214
Which of the following financial statements reports information as of a specific date? a. income ... Started by gbarreiro	1 Replies 83 Views	Jul 5, 2018 by Bison
Four financial statements are usually prepared for a business. The statement of cash flows is ... Started by notis	1 Replies 65 Views	Jul 5, 2018 by mcarey591
Liabilities are reported on the a. income statement b. statement of owner's equity c. statement ... Started by Mr.Thesaxman	1 Replies 79 Views	Jul 5, 2018 by GCabra
Cash investments made by the owner to the business are reported on the statement of cash flows in ... Started by lracut11	1 Replies 91 Views	Jul 5, 2018 by shoemake
Which of the following expenditures is not capitalized as part of the cost of a capital asset ... Started by Beheh	3 Replies 54 Views	Jul 5, 2018 by nmyers
Nongovernment not-for profit organizations that wish to follow generally accepted accounting ... Started by Zoey63294	1 Replies 33 Views	Jul 5, 2018 by BUTTHOL369
The conversion worksheet adjustment to reflect debt service payments of 85,000 (55,000 principal; ... Started by Themember4	1 Replies 83 Views	Jul 5, 2018 by bblaney
A local government purchased land to be used for a new city hall to be built within the next five ... Started by james9437	1 Replies 45 Views	Jul 5, 2018 by poopface
All of the following statements regarding the ratio of liabilities to owner's equity are true except ... Started by arivle123	1 Replies 44 Views	Jul 5, 2018 by janeli1