Answer:
C) Both of the above.
- a.Government-wide financial statements.
- b.Fund basis financial statements.
Explanation:
Government wide financial statements basically include all the government's funds and accounts. They are generally reported all the financial transactions of the government during the year.
Fund based financial statements generally only report a specific fund's financial statement. The accounting basis for each fund might vary depending on the specific fund which is being reported. they also provide more detailed information about the specific activities included in the fund.
Answer:
B) is narrow and outdated.
Explanation:
The article's name is "Rethinking the 4 P’s" and it summarizes a 5 year study that involved more than 500 top level managers across the world. That study doesn't say that the 4 Ps are useless, it states that they are outdated. The study focused on the B2B market and it argues that the 4 Ps must be restated:
- S ⇒ products to solutions
- A ⇒ place to access
- V ⇒ price to value
- E ⇒ promotion to education
Answer:
Total deductible organization expenses is $ 6,611
Explanation:
Upto $ 5000 in qualifying organization expenses are deductible in the year they are incurred , with the amount reduced by the amount by which total organizational expenses exceed $50,000. With a total of $51,000 Crimson corp could deduct $ 4000 .
In addition , the remaining $ 47,000 is amortized over 15 years or 180 months , begining in the period in which the entity commences operations. Since crimson began operaions in March 2016 , amortization would be for 10 months ( march 2016 - december 2016 )
Amoritzation for march 2016 to december 2016 = 10 / 180 * $47,000
= $2611
Total deductible organization expenses = $4,000 + $ 2,611
= $ 6,611
