Modified and standard accrual basis accounting
What is the primary difference between modified accrual basis accounting and standard accrual basis accounting? Why is modified accrual basis accounting appropriate for government agencies?
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You usually drive an average of 7,000 miles every year. If gasoline is $1 per gallon, and if you can't afford to buy a new car: Should you rent a 40-year-old Buick ($100/yr, 20 miles per gallon) or a 10-year-old Toyota ($600/yr, 40 mpg)?
On March 17, Grady Company agrees to accept a 60-day, 9%, $7,200 note from Alert Company to extend the due date on an overdue account. What is the journal entry needed to record the payment of the note by Alert Company on the maturity date?
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How did the acquisition of Internode affect iiNet? You should briefly discuss the impacts in different aspects, e.g., how iiNet's liquidity and solvency was affected. Overall, do you think the acquisition was beneficial to iiNet? Provide your reas
Their gross household income is $3,800 per month. They receive $75 month in interest income from their investments. What is the Montez's current net worth?
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