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discuss under what circumstances a government may choose not to depreciate infrastructure
purpose this exercise illustrates the use of the dollar-value lifo method it shows how a decrease in the ending
describe three items that require reconciliation between fund financial statements and government wide financial
describe the difference in reporting capital assets and long term debt in the governmental funds financial statements
describe the difference between expenditure recognition and measurement in the governmental funds financial statements
purpose this case will discuss the nature and use of a lifo reserve many companies use lifo for tax and external
when should sales tax revenues and property tax revenues be recognized for governmental activities in the government
how is internal service fund activity reported in government wide
how are interfund activities and balances reported in government wide financial
what is the purpose of a classified statement of net
purpose this exercise will illustrate the effect on net income when the lifo cost method rather than the fifo cost
list four basic differences between the information content of the fund financial statements and the government wide
prepare journal entries to record the following transactions and identify all the affected funds many transactions
purpose this exercise will allow you to practice performing calculations to determine inventory cost under each of
as the recently appointed chief accountant of the city of york you asked the bookkeeper for a trial balance of the
nbsppurpose this exercise will enable you to practice identifying the effects of inventory errors on
at december 31 2009 certain accounts included in the property plant and equipment section of the townsand companys
the city of breukelen maintains a rapid transit system which is accounted for in a proprietary fund called breukelen
the following information comes from the general fund trial balance of west chester county as of december 31 2012
purpose this exercise will illustrate the use of the dollar-value lifo retail method when there is a a decrease in
refer to the information in e7- 2a included in inventory and accounts payable are 10000 of lenses held on consignmentb
multiple choicethe following information relates to the first three questions in the list that follows a village levied
the bussell company exchanged the following assets during 20101 acquired a newer machine by paying 4000 cash and giving
seemore lens company slc sells contact lenses fob destination for the year ended december 31 the company reported
the following information is available for the governmental funds of tom village prepare the governmental funds balance