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the following data come from the report prepared by the actuary for york city retirement system as of december 31
assume that the town of boonsville maintains an agency fund for its employees insurance with-holdings another for its
on january 1 2010 the billips corporation purchased equipment having a fair value of 7205494 by issuing a 90000 note
preparea the journal entries for 2012 necessary to record the following events and transactions for the college
seaview township received a 1000000 gift from j r chancellor to sponsor an annual community picnic all reasonable
on january 1 2010 crouser company sold land to chad company accepting a two year 150000 non interest bearing note due
the city of titanville established an investment trust fund for bay town and valley city the cities contributed 200000
on january 1 2010 worthylake company sold used machinery to brown company accepting a 25000 non interest bearing note
pinnacle county operates an investment trust fund for cities located in the county the following entries are associated
on january 1 2010 tabor company sold land with a book value of 50000 to wilson company accepting a 60000 note payable
trevorson electronics is a small company privately owned by jon trevorson an electrician who installs wiring in new
understand accounting and reporting requirements for governmental entitiesidentify specific transactions related to
on january 1 2010 boiler company received two notes for merchandise soldnote 1 a 10000 10 60 day note from wildcat
the following information is available for russellville at june 30 2012 prepare a statement of fiduciary net position
indicate the most likely effect of the following changes in credit policy on the receivables turnover ratio and days to
the city of green meadows has had an employee pension fund for several years the following is a trial balance for the
on january 1 2010 the pitt company sold a patent to chatham inc which had a carrying value on pitts books of 10000
an individual wants to set up a long lasting trust for the education of children of deceased school teachers in a
why would one entity permit another entity to invest its
prepare the following journal entries in the bid deposits fund an agency fund this fund is used to record all deposits
multiple choice1 the fee for the collection of property taxes by an agency fund will result in revenue in which of the
on january 1 2010 northfield corporation becomes delinquent on a 100000 14 note to the first national bank on which
after noting that its receivables turnover ratio had declined imperative company decided for the first time in the
complete all the requirements of m8-3 except assume that extreme fitness uses the direct write-off method note that
1 agency funds are classified as type funds2 an agency fund is used when the governmental unit is the of resources