50Test bank for survey of accounting 6th

... would show: A $800 of supplies; $100 of supplies expense B $700 of supplies; $1,600 of supplies expense C $700 of supplies; $1,000 of supplies expense D $800 of supplies; $1,700 of supplies expense ... would report rent expense, and its statement of cash flows would report cash outflow for rent, respectively, of A $1,800; $1,800 B $450 ; $1,800 C $450 ; $450 D $300; $1,8...

Ngày tải lên: 09/03/2017, 08:01

... D all of these Accounting information focused on the needs of external users is A financial accounting B managerial accounting C claims accounting D not -for- profit accounting In event of liquidation ... would use _ to learn about the company A financial accounting information B managerial accounting information C not -for- profit accounting information D both A and C R...

Ngày tải lên: 09/03/2017, 08:28

... example of a business using which of the following? a Low-cost emphasis b Outreach emphasis c Customer emphasis d Premium-price emphasis 60 Free Test Bank for Survey of Accounting 7th Edition ... of $12,000 b Net income of $72,000 c Net income of $28,000 d Net loss of $20,000 Tadeo, Inc had the following account balances at September 30, 2015 What is Tadeo’s net...

Ngày tải lên: 09/03/2017, 08:42

... expense 24 Free Test Bank for Fundamentals of Advanced Accounting 6th Edition by Hoyle Multiple Choice Questions What is the primary accounting difference between accounting for when the subsidiary ... $700 of supplies on hand Olaf's financial statements for 2013 would show: A $800 of supplies; $100 of supplies expense B $700 of supplies; $1,600 of supplies expe...

Ngày tải lên: 09/03/2017, 08:43

... liabilities d dividends 60 Free Test Bank for Survey of Accounting 7th Edition by Warren Multiple Choice Questions - Page Which of the following is an appropriate representation of the accounting equation? ... income of $12,000 b Net income of $72,000 c Net income of $28,000 d Net loss of $20,000 Cash collected from sales during the normal course of business...

Ngày tải lên: 09/03/2017, 09:14

... statement offers no examples of such contractual obligations, but it seems reasonable that they would be of sufficient significance to involve the formal action of the governing board For example, ... overexpended For example, although salaries and wages of government Many governments would require an additional approval (frequently in the form of a revised encumbrance) for am...

Ngày tải lên: 21/06/2014, 04:20

... Reclassification of Current Taxes Assuming that all property taxes levied by the Village of Elizabeth for 2012 were to have been paid by property owners before the end of the year, any balance of taxes ... Sheet for the General Fund of the Village of Elizabeth as of the end of 2012 is shown in Illustration 4–4 If the General Fund has both a due from and a due to another fu...

Ngày tải lên: 21/06/2014, 04:20

... the method of accounting for a deferred serial bond issue cop2705X_Ch05_122-153.indd 136 2/1/10 5:43:57 PM Accounting for Other Governmental Fund Types 137 Debt Service Accounting for Capital ... donations take the form of trusts Trusts are accounted for in a number of different funds, depending on the nature and terms of the agreement Illustration 5–2 summarizes accoun...

Ngày tải lên: 21/06/2014, 04:20

... bottom of Illustration 2–11 for an example) A similar requirement exists for cash flow statements prepared for commercial businesses and private not -for- profit organizations Apago PDF Enhancer Accounting ... 31, 2012, for the City of Sandwich Swimming Pool Fund d Prepare a Statement of Cash Flows for the Year Ended December 31, 2012, for the City of Sandwich Swimming P...

Ngày tải lên: 21/06/2014, 04:20

... distributions of tax collections for each year to each fund or unit in the proportion the levy for that fund or unit bears to the total levy for the year Apago PDF Enhancer Accounting for Tax Agency ... receivable is offset in total by the liability If collections of taxes during a certain portion of the year amounted to $2,400,000 for other governments and $1,800,000 for...

Ngày tải lên: 21/06/2014, 04:20

... Worksheet Entry for Preparation of Government-wide Statements Sale of Bonds Cash OFS: Proceeds of bonds OFS: Premium on bonds Dr Cr Cr OFS: Proceeds of bonds OFS: Premium on bonds Amortization of Bond ... grant for road repairs • $300,000 was received as a gift for establishment of a permanent fund for the maintenance of the city cemetery • $100,000 in charges for serv...

Ngày tải lên: 21/06/2014, 04:20

... governments and for not-forprofit organizations The American Institute of Certified Public Accountants issued Statement of Position 98–3, Auditing of States, Local Governments, and Not-forProfit Organizations ... free of conflict of interests Proper use of government information, resources, and position precludes auditors from using sensitive or classified information or resourc...

Ngày tải lên: 21/06/2014, 04:20

... Not -for- Profit Accounting Terminology A accounting entity Where an entity is established for the purpose of accounting for a certain activity or activities See fiscal entity accrual basis Basis of ... provides for functional reporting of expenses for private-sector not -for- profit organizations functional classification Grouping of expen- ditures on the basis of the...

Ngày tải lên: 21/06/2014, 04:20

... $9,412 .50 E None of these Which of the following is not one of the basic tax rate structures? A Proportional B Equitable C Regressive D Progressive E All of these are different kinds of the basic ... investing in the city of Mitchell and the Sundial, Inc bonds for year 2014? A 7 .50% B 10.00% C 8.00% D 7.20% E None of these Geronimo files his tax return as a head of househ...

Ngày tải lên: 09/03/2017, 08:28

... Financial Accounting Standards Board (FASB) is the standard setting organization for which of the following reporting organizations? A) Private not -for- profits B) Public not -for- profits C) Investor ... C) Statement of Net Position D) All of the above are included The _ sets the accounting and financial reporting standards for both state and local governments and p...

Ngày tải lên: 09/03/2017, 08:42