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ACCT 567 WEEK 3 When should a capital projects fund be used by a governmental entity? Is it mandatory that a governmental entity use a capital project fund for GAAP purposes?

Other / Other University of Phoenix / ACCT 567 24 Nov 2015

ACCT 567 WEEK 3 When does GAAP require the use of a debt service fund? Are there instances when a governmental entity is not required to use a debt service fund?

Other / Other University of Phoenix / ACCT 567 24 Nov 2015

ACCT 567 WEEK 4 How would you compare the accounting for enterprise funds with that of (a) businesses and (b) governmental funds?

Other / Other University of Phoenix / ACCT 567 24 Nov 2015

ACCT 567 WEEK 4 What types of activities are recorded under the internal services account? Please provide examples. Is the government required to account for activities in the internal service fund or in another fund?

Other / Other University of Phoenix / ACCT 567 24 Nov 2015

ACCT 567 WEEK 1 Discuss some of the major differences between GASB and FASB when it comes to setting accounting standards.

Other / Other University of Phoenix / ACCT 567 24 Nov 2015

ACCT 567 WEEK 1 Why are there major differences between governmental accounting systems vs. business accounting systems?

Other / Other University of Phoenix / ACCT 567 24 Nov 2015

ACCT 567 WEEK 2 How does the adoption of a budget in a governmental entity differ from the adoption of a budget by a commercial enterprise

Other / Other University of Phoenix / ACCT 567 24 Nov 2015

ACCT 557 WEEK 5 Problems The Diamond Glitter Company is in the process of preparing its financial statements for 2012. Assume that no entries for depreciation have been recorded in 2012. The following information related to depreciation of fixed assets is provided to you. 1. The company purchased equipment on January 2, 2009, for $165000. At that time, the equipment had an estimated useful life of 7 years with a $25000 salvage value. The eq

Other / Other strayer university / ACCT 557 24 Nov 2015

ACCT 557 WEEK 6 Problems Financial data of Fancy Footwork Company for 2013 and 2012 are presented below. FANCY FOOTWORK COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2013 AND 2012 2013 2012 Cash $ 260,000 $ 230,000 Receivables $ 156,000 $ 120,000 Inventory $ 180,000 $ 220,000 Plant assets $ 160,000 $ 135,000 Accumulated depreciation $ (80

Other / Other strayer university / ACCT 57 24 Nov 2015

ACCT 557 WEEK 7 Problem 1 Plastics Inc. is a company that operates in four different divisions. The following information relating to each segment is available for 2013. Sales revenue Cost of goods sold Operating expenses Total expenses Operating profit (loss) Identifiable assets Bottles $ 65,000 $ 26,000 $8,000 $ 34,000 $31,000 $ 66,000 Containers $ 95,000 $ 62,000 $ 48,000 $ 110,000 $ (15,000) $ 80,000

Other / Other Keller Graduate School of Management / ACCT 557 24 Nov 2015