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lara31 [8.8K]
2 years ago
14

Dale City is accumulating financial resources that are legally restricted to payments of general long-term debt principal and in

terest maturing in future years. At December 31, Year 1, $5,000,000 has been accumulated for principal payments and $300,000 has been accumulated for interest payments. These restricted funds should be accounted for in the: Debt service fund General fund A. $0 $5,300,000 B. $300,000 $5,000,000 C. $5,000,000 $300,000 D. $5,300,000 $0
Business
2 answers:
shusha [124]2 years ago
5 0

Answer:

D. $5,300,000 $0

Explanation:

Base on the scenario been described in the question, option d is correct answer. This is so because funds been restricted is $5,000,000 it then accumulate for principal payments and $300,000 and the interest that accumulated has to pay for both be accounted debt service funds as seen in the question.

Yuri [45]2 years ago
4 0

Answer:

D. $5,300,000 $0

Explanation

Debt service Fund General fund

Accumulated for principal payments $5,000,000 ( Debt service Fund)

Add Accumulated for interest payments $300,000( Debt service Fund)

Total $5,300,000

General fund

$0

$0

These restricted funds should be accounted for in the: Debt service fund General fund is $5,300,000 because the restricted funds of $5,000,000 accumulated for principal payments and $300,000 accumulated for interest payments should both be accounted for in the debt service fund.

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Then the employee is allowed to respond to the evaluation. The employee can express his feelings after receiving the evaluation whether he is happy or not. The employees have right to vent their feelings even its frustration.

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Which is the best way to avoid market risks?
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Not trying to sale to the wrong company or risking on a single product of some sort.
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The following information relates to Wildhorse Co. for the year ended December 31, 2020: net income $1,305 million; unrealized h
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Answer:

a. The Other comprehensive income for 2017  is $-11.2 million

b. The Comprehensive income for 2017 is $1,293.8 million

c. The Accumulated other comprehensive income at December 31, 2017 is $45.2 million

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a. According to the given data the company incurred a loss of $11.2 million as an unrealized income from available-for-sale debt securities. It is the actual loss.

Therefore, other comprehensive income is (-$11.2) million.

b. In order to calculate the Comprehensive income for 2017 we would have to use the following formula:

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c.  In ordert to Calculate the accumulated other comprehensive income we would have to use the following formula:

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The word "inferior" refers to the product's price and perceived worth rather than its quality. The quality may occasionally be inferior to an equivalent standard good, but it may also occasionally be the same. In reality, there are occasions when the only distinctions between regular goods and equal substandard goods are the packaging and price of the goods.

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