cash method of accounting gross receipts test
Principles of Accounting- Preparing the Statement of Cash Flows
... Program2005-2006Principles of accounting Lecture 4a7/17/2006Nguyễn Tấn Bình45Statement of Cash Sources and UsesBo Ho CompanyThe statement of cash sources and uses is the precursor of the statement of cash flows; ... the end of the cash flow statement ãTotal net cash flow + the beginning cash balance = the ending cash balance ãOr, the ending cash balance – the beginning cash balance = total net cash flow7/17/2006Nguyễn ... the Statement of Cash FlowsTwo items usually shown on the statement of cash flow in the indirect method: Profits or losses from sales of fixed assets (investing)Profits or losses...
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Principles of Accounting- Statement of Cash Flows
... Program2005-2006Principles of accounting Lecture 47/17/2006 Nguyễn Tấn Bình 25Preparing the statement of cash flowsA statement of cash flow includes three partsNet cash flow from operating (I)Net cash flow ... (II)Net cash flow from financing (III)Total net cash flows = I + II + III+ Beginning cash balance = Ending cash balance 7/17/2006 Nguyễn Tấn Bình 26Two methods of preparing the statement of cash ... Program2005-2006Principles of accounting Lecture 47/17/2006 Nguyễn Tấn Bình 3The main objective of the statement of cash flowsã Shows the relationship between the Net Income and Net Cash Flowã Explains how cash...
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Test Bank for Essentials of Accounting for Governmental_1 doc
... previous categories of reserved and unreserved. The standard affects only the equity section of the balance sheet of governmental funds. It does not change the reporting of net assets of proprietary ... (net of liabilities) of the fund include cash and items expected to be converted into cash in the next period. These “spendable” resources are further classified according to the nature of any ... expenditures and reversal of the associated encumbrance. You should follow the format of the entries provided in entries 1 to 7 of the appendix to Chapter 3. 3–16. The City of Grafton’s records...
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Test Bank for Essentials of Accounting for Governmental_2 pot
... trial balance of the General Fund of the Village of Elizabeth, liabilities (Accounts Payable and Due to Federal Government) total $165,000. Cash of the General Fund on the date of the trial ... accrual accounting are mentioned in the notes? e. Look at the General Fund column of the governmental fund statements from the point of view of a financial analyst. Is the Fund Balance as of the ... incurred. During 2012, expenditures in the amount of $350,000 were incurred, of which $280,000 was paid. The State had remitted $300,000 cash as of the end of 2012. 4. Expenditures Control . . . ....
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Test Bank for Essentials of Accounting for Governmental_3 pot
... placed upon the raising of revenue and/or the use of resources for the provision of services to the public and the acqui-sition of facilities to aid in the provision of services. Funds discussed ... number of forms of leases including operating leases and capital leases. GASB Statement No. 13 accepts the FASB’s SFAS No. 13 definitions of these two forms of leases and prescribes accounting ... economic 3. life of the leased property. The present value of rental or other minimum lease payments equals or exceeds 4. 90 percent of the fair value of the leased property. If none of the criteria...
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Test Bank for Essentials of Accounting for Governmental_4 doc
... and cash equivalents (287,200) 3,500 Cash and cash equivalents—beginning of year 522,130 0 Cash and cash equivalents—end of year $234,930 $ 3,500Reconciliation of operating income to net cash ... 68,000Net decrease in cash and cash equivalents 96,000 Cash and cash equivalents, July 1, 2011 40,000 Cash and cash equivalents, June 30, 2012 $136,000 Prepare a statement of cash flows using the ... Enhancer172 Chapter 6 cash of $124,930 plus restricted assets of $110,000 equals the cash and cash equiva-lents of $234,930 (Illustration 6–5). GASB requires the direct method to report cash flows from...
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Test Bank for Essentials of Accounting for Governmental_5 pdf
... justify the equity method of accounting (see an intermediate accounting text), then the equity method of accounting would be followed. ILLUSTRATION 7–2 Combining Statement of Changes in Assets ... Statement of Changes in Fiduciary Net Assets for the year ended December 31, 2012. 7–6. On July 1, 2011, the City of Belvedere accepted a gift of cash in the amount of $3,000,000 from a number of ... Statement of Net Assets—Illustration 6–3 Statement of Revenues, Expenses, and Changes in Fund Net Assets—Illustration 6–4 Statement of Cash Flows—Illustration 6–5Fiduciary Funds Statement of Fiduciary...
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Test Bank for Essentials of Accounting for Governmental_6 pdf
... the year)OFS: Proceeds of bondsOFS: Premium on bondsOFS: Proceeds of bondsOFS: Premium on bondsDrDrPremium on BondsBonds PayablePremium on BondsBonds PayableBonds Payable Cash account ... Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of ActivitiesVILLAGE OF ELIZABETHReconciliation of the Statement of Revenues, ... Statement of Net Assets (see Illustration 2–5) and as separate rows in the Statement of Activities (see Illustration 2–6). Many component units use the accrual basis of accounting and the balances of...
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Accounting and financial test
... rate of return.d. Current liabilities are higher than current assets.4. If we have cash of $ 1,500, accounts receivables of $ 25,500 and current liabilities of $ 30,000, our quick or acid test ... Beginning Cash on Hand is $ 4,000, projected cash inflows are $ 28,000 and projected cash outflows are $ 39,000. You want to have an ending cash balance of $ 2,000. What is your total projected cash ... into a project that will generate $ 5,500 of cash flows each year for the next 3 years. If your cost of capital is 11%, then the present value of future cash flows is: (refer to Exhibit 2 for...
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Accounting and financial test
... rate of return.d. Current liabilities are higher than current assets.4. If we have cash of $ 1,500, accounts receivables of $ 25,500 and current liabilities of $ 30,000, our quick or acid test ... cash balance of $ 2,000. What is your total projected cash deficit?m. $ 11,000n. $ 4,000o. $ 7,000p. $ 9,00021. Spontaneous financing or trade credit is simply a way of obtaining more cash ... 25. One of the early warning signs of cash flow distress is: a. High inventory turnoverb. Early distribution of payroll checksc. Late vendor paymentsd. Excessive cash balances26....
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Evaluating the Reliability and Validity of an English Achievement Test for Third-year Non- major students at the University of Technology, Ho Chi Minh National University and some suggestions for chan
... in terms of construct validity, the test seems to lack of it. It can be seen from Table 3.6: Scale Intercorrelations among seven subtests (parts) of Test 6 that seven parts of the test are ... frame”.There are two kinds of achievement tests: final achievement test and progress achievement test. Final achievement tests are those administered at the end of a course of study. They may be ... resulting from a test are the result of characteristics of those being measured. For example, reliability has elsewhere been defined as "the degree to which test scores for a group of test takers...
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Dictionary of accounting
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Principles of Accounting
... Bao Linh 10Principles of Accounting by Nguyen Bao LinhCost of SuppliesSuppose that an ending-period inventory reveals a stationery balance of $200Hence, the portion of stationery used during ... Linh 11Principles of Accounting by Nguyen Bao LinhDepreciation ExpenseSuppose that the office equipment is depreciated under the straight-line method and has a usable life of 5 years (60 months)The ... Teaching Program2005-2006Lecture Notes 3Income StatementNguyen Bao Linh 1Principles of Accounting Principles of Accounting Fulbright Economics Teaching ProgramHo Chi Minh City, VietnamAcademic...
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Tài liệu Paper and Key of the first term test TQC Senor High School - Hoi An Town
... so that he often feels tired.2. I suggest turning off the air-conditioner. This sentence means: A. Do you mind if I turn off the air- conditioner? B. Do you have someone turn off the air-conditioner? ... so he often feels tired. This sentence means: A. When Mr. Pike gets old, he will feel tired. B. Although Mr. Pike gets old, he often feels tired.C. The older Mr. Pike gets, the more often ... MULTIPLE CHOICE. (3ms)1. A good friend is the person who lets you cheat them during a test. a. on b. off c. of d. at2. To means to develop gradually.a. grow b. evolve c. rise d. go up3. Would...
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