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It will show 60,000 as the assigned fund balance in its General Fund on December 31,2019
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Question 10 Not yet answered Marked out of 1.00 P Flag question The City of Mayville...
в ево Question 6 Incomplete answer Marked out of 32.00 P Flag question Journal entries for...
в ево Question 6 Incomplete answer Marked out of 32.00 P Flag question Journal entries for transactions and events involving opening balances The General Fund postclosing trial balance of the City of Harlan Heights showed the following balances on December 31, 2019: Debits Credits Cash $ 65,000 Property taxes receivable-delinquent 45,000 Allowance for uncollectible taxes-delinquent $8,000 Vouchers payable 25,000 Deferred revenues-property taxes 15,000 Assigned fund balance 12,000 Unassigned fund balance 50,000 $110,000 $110,000 Prepare entries in 2020 to record the...
Question 26 Not yet answered Marked out of 1.00 P Flag question Richards Corporation had the...
Question 26 Not yet answered Marked out of 1.00 P Flag question Richards Corporation had the following balances at December 31, 2020: $212,000 $1,255,000 Goodwill 6,000 Common stock 5,000 120,000 Prepaid Insurance 35,000 Accounts payable 24,000 50,000 Property, plant, and equipment Interest payable Line of credit, due on demand Customer list Additional paid-in capital Salaries payable Cash and cash equivalents Pension liability Inventory Land held for future expansion 545,000 Retained earnings December 31, 2019 12,000 Accumulated depreciation 410,000 145,000 85,000...
Question 20 Not yet answered Marked out of 1.00 Flag question The accounting records of Slattery...
Question 20 Not yet answered Marked out of 1.00 Flag question The accounting records of Slattery Corporation, a small manufacturing company, show the following balances for the fiscal year ending December 31, 2019: Sales revenue $3,425,000 Selling expense $782,000 Research and development 96,400 Gain on sale of bonds 20,300 Interest income 18,400 Cost of goods sold 1,611,000 Restructuring costs 112,000 General and administrative expense 585,700 Interest expense 32,000 The restructuring costs were incurred as a result of one-time changes in...
The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary...
The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year’s appropriation. The budget prepared for the fiscal year 2020 was as follows: Estimated Revenues: Taxes $ 1,943,000 Licenses and permits 372,000 Intergovernmental revenue 397,000 Miscellaneous revenues 62,000 Total estimated revenues 2,774,000 Appropriations: General government 471,000 Public safety 886,000...
The City of Morganville had the following pre-closing account balances in its General Fund as of April 30, 2017. Debits...
The City of Morganville had the following pre-closing account balances in its General Fund as of April 30, 2017. Debits and credits are not separated; each account had its “normal” balance. Among the expenditures recorded this year is an amount expended on supplies ordered at the end of the previous year. Assume that encumbrances do not lapse and that the City failed to make the journal entry(s) necessary to re-establish the encumbrance in the current year. Required: Prepare all...
Question 11 Not yet answered Marked out of 1.00 P Flag question The DNA of an...
Question 11 Not yet answered Marked out of 1.00 P Flag question The DNA of an organism is studied and found to contain 14% guanine. This organism should have __% thymine and __% cytosine in its DNA. Select one: O a. 36; 36 O b. 14; 36 O c. 14; 86 O d. 36; 14 Question 12 Not yet answered Marked out of 1.00 Flag question The strands of a DNA double helix are said to be antiparallel. This means...
Question 8 Not yet answered Marked out of 1.00 P Flag question Statement of functional expenses...
Question 8 Not yet answered Marked out of 1.00 P Flag question Statement of functional expenses Mighty Big Museum, a nongovernmental not-for-profit organization, had the following balances in its statement of functional expenses: Education $300,000 Fundraising 250,000 Management and general 200,000 Research 50,000 What amount should Mighty Big Museum report as expenses for support services? $350,000 $450,000 $500,000 $800,000 Question 10 Not yet answered Marked out of 1.00 P Flag question Statement of cash flows Scouting for All, Inc., a...
The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary...
The following transactions occurred during the 2020 fiscal year
for the City of Evergreen. For budgetary purposes, the city reports
encumbrances in the Expenditures section of its budgetary
comparison schedule for the General Fund but excludes expenditures
chargeable to a prior year’s appropriation.
The budget prepared for the fiscal year 2020 was as follows:
Estimated Revenues:
Taxes
$
1,943,000
Licenses and permits
372,000
Intergovernmental revenue
397,000
Miscellaneous revenues
62,000
Total estimated revenues
2,774,000
Appropriations:
General government
471,000
Public safety
886,000...
Question 5 Not yet answered Marked out of 5.00 P Flag question Preparing the Cash Flow...
Question 5 Not yet answered Marked out of 5.00 P Flag question Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 18,000 Sold equipment for cash, previously used in operations 15,000 Paid cash for dividends 6,000 Issued common stock for cash 60,000 Retired a 10-year bond payable by repaying the face value at maturity...
Question 4 The pH is defined as Not yet answered Marked out of 1.00 P Flag...
Question 4 The pH is defined as Not yet answered Marked out of 1.00 P Flag question Select one: 0 -log[H] o 10[++] O 10-[H+] O log[H+] Question 5 If the pol of a solution is 4, what is its pH? Not yet answered Marked out of 1.00 Select one: o 7 O 10 p Flag question
в ево Question 6 Incomplete answer Marked out of 32.00 P Flag question Journal entries for transactions and events involving opening balances The General Fund postclosing trial balance of the City of Harlan Heights showed the following balances on December 31, 2019: Debits Credits Cash $ 65,000 Property taxes receivable-delinquent 45,000 Allowance for uncollectible taxes-delinquent $8,000 Vouchers payable 25,000 Deferred revenues-property taxes 15,000 Assigned fund balance 12,000 Unassigned fund balance 50,000 $110,000 $110,000 Prepare entries in 2020 to record the...
Question 26 Not yet answered Marked out of 1.00 P Flag question Richards Corporation had the following balances at December 31, 2020: $212,000 $1,255,000 Goodwill 6,000 Common stock 5,000 120,000 Prepaid Insurance 35,000 Accounts payable 24,000 50,000 Property, plant, and equipment Interest payable Line of credit, due on demand Customer list Additional paid-in capital Salaries payable Cash and cash equivalents Pension liability Inventory Land held for future expansion 545,000 Retained earnings December 31, 2019 12,000 Accumulated depreciation 410,000 145,000 85,000...
Question 20 Not yet answered Marked out of 1.00 Flag question The accounting records of Slattery Corporation, a small manufacturing company, show the following balances for the fiscal year ending December 31, 2019: Sales revenue $3,425,000 Selling expense $782,000 Research and development 96,400 Gain on sale of bonds 20,300 Interest income 18,400 Cost of goods sold 1,611,000 Restructuring costs 112,000 General and administrative expense 585,700 Interest expense 32,000 The restructuring costs were incurred as a result of one-time changes in...
Question 11 Not yet answered Marked out of 1.00 P Flag question The DNA of an organism is studied and found to contain 14% guanine. This organism should have __% thymine and __% cytosine in its DNA. Select one: O a. 36; 36 O b. 14; 36 O c. 14; 86 O d. 36; 14 Question 12 Not yet answered Marked out of 1.00 Flag question The strands of a DNA double helix are said to be antiparallel. This means...
Question 8 Not yet answered Marked out of 1.00 P Flag question Statement of functional expenses Mighty Big Museum, a nongovernmental not-for-profit organization, had the following balances in its statement of functional expenses: Education $300,000 Fundraising 250,000 Management and general 200,000 Research 50,000 What amount should Mighty Big Museum report as expenses for support services? $350,000 $450,000 $500,000 $800,000 Question 10 Not yet answered Marked out of 1.00 P Flag question Statement of cash flows Scouting for All, Inc., a...
The following transactions occurred during the 2020 fiscal year
for the City of Evergreen. For budgetary purposes, the city reports
encumbrances in the Expenditures section of its budgetary
comparison schedule for the General Fund but excludes expenditures
chargeable to a prior year’s appropriation.
The budget prepared for the fiscal year 2020 was as follows:
Estimated Revenues:
Taxes
$
1,943,000
Licenses and permits
372,000
Intergovernmental revenue
397,000
Miscellaneous revenues
62,000
Total estimated revenues
2,774,000
Appropriations:
General government
471,000
Public safety
886,000...
Question 5 Not yet answered Marked out of 5.00 P Flag question Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 18,000 Sold equipment for cash, previously used in operations 15,000 Paid cash for dividends 6,000 Issued common stock for cash 60,000 Retired a 10-year bond payable by repaying the face value at maturity...
Question 4 The pH is defined as Not yet answered Marked out of 1.00 P Flag question Select one: 0 -log[H] o 10[++] O 10-[H+] O log[H+] Question 5 If the pol of a solution is 4, what is its pH? Not yet answered Marked out of 1.00 Select one: o 7 O 10 p Flag question
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