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1 the principal and earnings of a gift held in a trust that can be spent for the college education of the children of
on january 1 2010 the boonville corporation is delinquent on a 300000 note to the great national bank on which 66000 of
last year pastis productions reported 100000 in sales and 40000 in cost of goods sold the company estimates it would
identify the major similarities and differences between an investment trust fund and a private purpose trust fund be
1 private purpose trust funds follow the measurement focus and the basis of accounting2 amounts originally
record the following journal entries in the children book fund a city private purpose trust fund that supplies books
on december 31 2010 central bank agrees to a restructuring of a 12 note with a 200000 face value and 60000 of accrued
based on the information in e8- 4 prepare a statement of changes in fiduciary fund net position and a statement of
prepare the journal entries to record the following transactions in an investment trust fund for seggen county during
on july 1 2009 the nicholsen corporation issued 300000 of bonds with a 13 face rate of interest for 318000 the bonds
define the following terms as they apply to pension plans and other postemployment benefit plans1 defined benefit plan2
the pension trust fund maintained by the city of linden had the following transactions during 2012 record each
on december 31 2014 extreme fitness has adjusted balances of 800000 in accounts receivable and 55000 in allowance for
on january 1 2009 mykoo corporation issued 1 million in five year 10 serial bonds to be repaid in the amount of 200000
assume the same facts as stated in d8- 4 except that the pension trust fund is operated by a five member board of
aaronsborough city manager thomas smith is facing a financial dilemma the general fund will not have enough revenues to
the city of macroville hires you as a consultant to help establish a procedure to simplify its property tax collection
a new employee of the city of kashime was working with the accounting records of several of its funds this employee
lets go a bit further with the example from m8-3 assume that on february 2 2015 extreme fitness received a payment of
j s moneybaggs wants to include a provision in her will that will assure that her life work of caring for small
is an operating statement prepared for an agency fund why or why
recording write-offs and bad debt expense using the allowance method prepare journal entries for each transaction
how are private purpose trust funds how are private purpose trust funds
when are private purpose trust funds when are private purpose trust funds
what are other postemployment what are other postemployment