When the government transfer resources to the poor in the form of a good or service it is called an in-kind transfer.
Many countries government provide large in-kind transfer resources to the poor in the form of a good or service. These transfers are commonly referred to as government redistribution programs, presumably from the wealthy to the poor.
The term in-kind transfers generally refers to goods, services, and transactions not involving money or not measured in monetary terms are transferred to the needy.
Hence, the in-kind transfers is based on the idea that governments want to target transfers to the needy.
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Answer:
Explanation:
Situation Type Logic
During the audit, a customer with a large A/R balance at year end declares bankruptcy Type 1 Facts were available on balance sheet date
a lawsuit…...thereafter Type 1 Facts were available on balance sheet date
A flood damages….after year end Type 2 Facts were not available on balance sheet date
Conditions that….after the balance sheet date Type 2 Facts were not available on balance sheet date
Additional evidence….balance sheet date Type 1 Facts were available on balance sheet date
D: Certificate of deposit
thats the correct answer
666, but to be honest I don’t understand what you are trying to say but yup
Answer:
The journal entry which is to be recorded for the dishonored note is shown below:
Explanation:
The journal entry which is to be recorded for the dishonored note is as follows:
Accounts Receivable A/c..............................Dr $2,075
Notes Receivable A/c...................................Cr $2,000
Interest Revenue A/c......................................Cr $75
Being the note which is received got dishonored
As the note got dishonored so the accounts receivable account will be debited against the notes receivable account and the account of interest revenue is also credited.
Working Note:
Interest revenue = Amount of notes receivable × Rate × Months / Total number of months
= $2,000 ×5% × 9/12
= $75
