Basis of accounting for governmental activities
What is the rationale of the GASB for requiring two sets of financial statements, each with a different measurement focus and basis of accounting for governmental activities?
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On april 30 a business estimates depreciation on equipment used during the first year of operations to be $2900. A. journalize the adjusting entry required as of april 30th.
How much should be accounted for through debt service funds for payments of principal over the life of the bonds.
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On January 1, 2012, Dodge purchased an additional 25% of Gates for $200,000. Any excess cost over book value is attributable to goodwill with an indefinite life.
What are the advantages and disadvantages of using real-time versus batch accounting information architecture?
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