(reporting reconciliation between fund and government-wide financial statements)
return...
Business, 16.11.2019 06:31, BakerElsie02
(reporting reconciliation between fund and government-wide financial statements)
return to your solution to exercise e10-28, regarding oliver city’s capital assets. using the journal
entries you prepared for that exercise, prepare the wording and the numbers you would use in describing
the reconciliation of the amounts reported in the two funds’ financial statements to the two government-
wide financial statements.
ex 10-28
oliver city reported capital assets of $4,300,000 and accumulated depreciation of $2,000,000 in the
governmental activities column of its government-wide statement of net position for the year ended
december 31, 2018. the total governmental funds column in oliver’s calendar year 2019 statement
of revenues, expenditures, and changes in fund balances showed that oliver’s capital outlay expendi-
tures were $340,000. oliver city’s director of finance estimated that total depreciation for 2019 was
$200,000. based on this information, prepare journal entries to adjust oliver’s 2019 fund financial
statements so government-wide statements can be prepared
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 07:30, 2016gbryant
Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.
Answers: 2
Business, 22.06.2019 09:40, cerna
Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?
Answers: 1
Business, 22.06.2019 11:00, hadwell34
You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)
Answers: 3
Do you know the correct answer?
Questions in other subjects:
Chemistry, 18.05.2021 19:40
Mathematics, 18.05.2021 19:40
