Amber City maintains a general fund, a capital projects fund, and a special revenue fund. During 2005, the City engaged in the following transactions. Required: Record all transactions in both the appropriate fund journal and the governmental activities journal, as necessary. Be sure to clearly indicate the fund in which the
Why should persons interested in public administration and persons interested in working as accountants for governmental units have an understanding of audit objectives and standards? Note: Please cite the sources
Describe what government-wide statements are intended to convey to readers and contrast that with fund financial statements. Note: Cite the sources
What is the value of the slope of the least - squares regression line for these data? Round your answer to at least two decimal places.
In ongoing economic analyses, the federal government compares per capita incomes not only among different states but also for the same state at different times. Typically, what the federal government finds is that "poor" states tend to stay poor and "wealthy" states tend to stay wealthy. Would we have gotten information abou
10-5 The accounting for trusts is dependent upon donor stipulations. To promote computer education, a leading computer manufacturer donates $4 million to the Kerrville Independent School District. The donor stipulates that the district is to establish an endowment, from which only income is expendable. Income is defined to i
Combining Balance Sheet Special Capital Debt Permanent General Revenue Projects Service (Endowment) Fund Fund Fund Fund Fund Totals Assets Cash $38 $20 $35 $340 $10 $443 Investments 105 60 480 136 960 1,741 Due from Other Funds - 120 46 39
The City of San Jominz received a $500,000 federal grant to acquire several buses to be used in its public transit system. The City paid $400,000 to acquire several buses. At year-end, $100,000 of the grant had not yet been used. During the year total depreciation on the buses was $40,000. Revenues for the public system were $60
FUNCTIONAL PURPOSE: Serves as the occupational safety and health technical advisor in a Processing and Distribution Center; develops, coordinates, and monitors activities related to a comprehensive safety and health program. REQUIREMENTS: 1. Knowledge of federal and postal laws, regulations, and procedures related to
Capital projects funds account for construction expenditures, not for the assets that are being constructed. The Wickliffe City Council approves a budget of $9,027,000 to restore the city library. The project is to be funded by the issuance of $6 million of general obligation bonds, a $2.5 million state grant, and $527,000 from
What kind of political and regulatory forces is the retail industry facing and why?
Please help with the following problems. Please provide at least 300 words. 1) Delineate and provide examples of ways the government protects employees. 2) Provide examples of ways the government protects the environment.
How are communication activities different between government and non-profit organizations? How does a leader ethically manage conflict?
One of the political issues debated for many years is: Should the government intervene in a market economy and in the private lives of individuals? What regulations should the government put in place to handle the impact of one of its states legalizing marijuana? What are the potential economic impacts of this same potential
The following information relates to Hudson City for its fiscal year ended December 31, 2003: ? On January 31, 2003, the city purchased as an investment for its debt service fund a three-year, 6 percent, $1 million bond, for $998,000. During the year it received $3,000 in interest. At year-end the market value of the bond was $
The Sherill Utility District was recently established. Here is its balance sheet, after one year. Sherill Utility District Balance Sheet as of End of Year 1 (in millions) (see attached file for data) Note the following additional information: a. The general fund received all of its revenue, $150 million, from taxes (all
Explain what you feel the major differences are between the government-wide statement of activities and the income statements prepared in the private sector. Do you think the government-wide statements provide more information than private sector income statements? Please provide examples and explanation to support your answers.
Use the Internet or other resources to locate an article pertaining to a current issue in government and non-profit accounting. Prepare a 350-400 word analysis of your article. In your analysis, summarize the content of the article. Also, examine the issue presented in the article and how it could affect the municipality in
2. Why is it important for the Contractor to identify limitations to the inspection and warranty provisions of the Contract during the proposal phase of the procurement? 3. What are liquidated damages? 4. Explain what the buyer's obligations are in a commercial contract? 5. Explain the concept of anticipatory re
Financial reporting is arguably one of the most heavily regulated areas of business activity. Provide the main reasons why accounting information is so heavily regulated. In your answer try to address the intended consequences of such regulation.
SFAS No. 13 allows for a 'better' measurement of debt-equity ratios from the perspective of shareholders - less of a problem violating debt covenants - which, as a result, makes it easier to pay dividends. Shareholders benefit from the ability to more easily receive dividends, which can work to the detriment of the firm's bon
Research and summarize the issue of regulation of pornography in an Internet world that knows no state or national boundaries. What should be done about it, if anything? Can you justify it with respect to the Constitution of the United States?
Take and explain your side on the debate over regulation or deregulation of the airline industry. 1. What is or is not working about deregulation? 2. What are some major arguments for or against deregulation? 3. What effect is deregulation having on the industry's level of competition? 4. What do you see is the future
Explore and explain the possible effects of government on businesses, take the financial situations individually, and explain and analyse the possible effects on the business situation: 1) The government makes a substantial rise in interest rates 2) The government makes a substantial rise in income tax on all levels A) bu
Please help me in starting a 3-5 page memo on a country I select as a potential market for a product and present my findings to managers of my organization.
I wanted to know about the environmental disclosures of two different companies. The details of the problem are in the file attached.
Robert Frost (1874 -1963), an American poet wrote the following lines: I shall be telling this with a sigh Somewhere ages and ages hence; Two roads diverged in a wood, and I I took the one less traveled by, And that has made all the difference. There are two cults (options) within the traditions of ancient Greece
I need to find several companies who would have both government and commercial customers. Also, I need to explain why those companies would likely use job costing for its products sold to government.
How does the external environment (stakeholders, regulations, accrediting agencies, etc.) affect the policy making process?
Do you think the federal government should have similar legislation imposed on its various departments that exceed a given threshold of expenditure on an annual basis? Or stated another way, are there elements of this legislation that are relevant and should be imposed upon government spending (including Congress)?
Prepare a 350-word description of business entity regulations in Washington State as they pertain to insurance companies. Be sure to include the following in your paper: (a) Identify the business formation code(s) in the state, (b) Identify the address of the state's corporation commission, and (c) Describe the process for obta