During the fiscal year ended june 30, 20x9, the city of moorhead constructed a new courthouse that was budgeted to cost $5,000,000. moorhead used a capital projects fund to account for the construction activities. in july of 20x8, a bid was accepted from diamond construction to build the courthouse for $4,800,000. on june 15, 20x9, diamond completed construction and submitted a bill to the city for $4,900,000. the city accepted the bill and paid diamond the entire amount owed, except for a 10 percentage retainage. on the statement of revenues, expenditures, and changes in fund balance prepared for the capital projects fund for the year ended june 30, 20x9, expenditures should be reported at multiple choice $4,900,000. $4,800,000. $4,410,000. $4,320,000.
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Business, 22.06.2019 10:50, slavenkaitlynn
Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker
Answers: 1
Business, 22.06.2019 14:30, Hannahdavy5434
Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be
Answers: 3
Business, 22.06.2019 15:40, kaitlynmorgan43
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
Business, 22.06.2019 16:30, piratesfc02
Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?
Answers: 2
During the fiscal year ended june 30, 20x9, the city of moorhead constructed a new courthouse that w...
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