• Q : What the amount that would be shown as a transfer....
    Accounting Basics :

    what the amount that would be shown as a transfer out in the governmental activities column in the Statement of Activities ?

  • Q : Taxpayer with higher after-tax return....
    Accounting Basics :

    Bonds, D, Inc. bonds are selling for $1,000 each with an interest rate of 7%. Tax-exempt bonds issued by the State of Kentucky are selling for $1,000 each with an interest rate of 3%. Which bond pro

  • Q : What the amount that would be shown as expense....
    Accounting Basics :

    The infrastructure has a basis of $400 million and would be depreciated over a 40 year life, if depreciation were charged. what the amount that would be shown as expense in the Statement of Activiti

  • Q : Amount of total manufacturing cost problem....
    Accounting Basics :

    Direct labor cost incurred during the period amounted to 1.5 times the factory overhead. The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's

  • Q : What would be the debt margin....
    Accounting Basics :

    The state applies a 10 percent debt limit, based on assessed valuation. what would be the debt margin to be reported in the City's statistical section of the CAFR?

  • Q : Stock transactions completed during the first year....
    Accounting Basics :

    Franco Corporation was organized on January 1, 2010. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $

  • Q : What the amount that would be reported....
    Accounting Basics :

    The land had a cost of $170,000. what the amount that would be reported in the government-wide Statement of Activities ?

  • Q : What are the consolidation entries needed....
    Accounting Basics :

    On December 31, 2011, Vacker owed $30,800 to Carper. There have been no changes in Carper's common stock account since the acquisition. If the equity method had been applied by Vacker for this acqui

  • Q : Inventory to wholly-owned subsidiary....
    Accounting Basics :

    During 2010, Von Co. sold inventory to its wholly-owned subsidiary, Lord Co. The inventory cost $30,000 and was sold to Lord for $44,000. From the perspective of the combination, when is the $14,000

  • Q : What would be the government''s unrestricted net assets....
    Accounting Basics :

    The government also reported $5 million of net assets were restricted for payment of debt service. what would be the government's unrestricted net assets ?

  • Q : Appropriate for applying overhead to production....
    Accounting Basics :

    In a labor intensive company in which more overhead is used by the more highly skilled and paid employees, which activity base would be most appropriate for applying overhead to production?

  • Q : What will be the adjustment....
    Accounting Basics :

    The City of Charlotte levied property taxes in 2009 in the amount of $10 million. It is estimated that 2% will be uncollectible. During 2009, $9,000,000 was collected and it is anticipated that $400

  • Q : Debt service activities in government-wide statements....
    Accounting Basics :

    How should governments report their capital projects and debt service activities in their government-wide statements?

  • Q : What would be the amount that would be shown as a transfer....
    Accounting Basics :

    what would be the amount that would be shown as a transfer out in the governmental activities column in the Statement of Activities ?

  • Q : Dstinction between expenditures and expenses....
    Accounting Basics :

    What is the distinction between expenditures and expenses as the terms are used in governmental accounting

  • Q : What would be the amount that would be shown as expense....
    Accounting Basics :

    if depreciation were charged. what would be the amount that would be shown as expense in the Statement of Activities ?

  • Q : Discount the project cash flows....
    Accounting Basics :

    If the firm is evaluation a new investment project that has the same risk as the firm's typical project, what rate should the firm use to discount the project's cash flows?

  • Q : What would be the debt margin to be reported....
    Accounting Basics :

    The state applies a 10 percent debt limit, based on assessed valuation. what would be the debt margin to be reported in the City's statistical section of the CAFR ?

  • Q : Journal entries for the consolidation of lisa....
    Accounting Basics :

    Lisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporation. Journal entries for the consolidation of Lisa and Victoria would

  • Q : What would the impact of the increase in retail store sales....
    Accounting Basics :

    Assume that if hospital supplies were dropped, retail store sales would increase by 25%. What would the impact of the increase in retail store sales have on overall profitability?

  • Q : Direct labor and direct material costs....
    Accounting Basics :

    Brighton Services repairs locomotive engines. It employs 100 full-time workers at $20 per hour. Since beginning operations last year, it has priced the various jobs by marking up direct labor and di

  • Q : What is the total conversion cost....
    Accounting Basics :

    In the manufacture of 10,000 units of a product, direct materials cost incurred was $135,700, direct labor cost incurred was $82,000, and applied factory overhead was $37,500. What is the total conv

  • Q : How much will patti have in the account in 4 years....
    Accounting Basics :

    Patti deposits $1,500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 4 years?

  • Q : Compute the net present value....
    Accounting Basics :

    Compute the net present value at a 12% required rate of returnd. neither Brad nor Don.

  • Q : What owners'' equity at the end of the year totaled....
    Accounting Basics :

    At the beginning of the fiscal year, the balance sheet showed assets of $1,364 and owners' equity of $836. During the year, assets increased $74 and liabilities decreased $38.  what Owners' equ

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