1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
a_sh-v [17]
2 years ago
7

A government had the following transfers reported in its governmental funds Statement of Revenues, Expenditures, and Changes in

Fund Balances: (1) a transfer from the General Fund to a debt service fund in the amount of $1,100,000; and (2) a transfer from the General Fund to a special revenue fund in the amount of $500,000. The amount that would be shown as a transfer out in the governmental activities column in the Statement of Activities would be: $0. $500,000. $1,100,000. $1,600,000.
Business
1 answer:
aniked [119]2 years ago
8 0

Answer:

The amount that would be shown as a transfer out in the governmental activities column in the Statement of Activities would be:

= $0.

Explanation:

a) Data and Calculations:

Transfer from the General Fund to a debt service fund = $1,100,000

Transfer from the General Fund to a special revenue fund = $500,000

Transfer out = $0

b) The transfers of $1,100,000 to the Debt Service Fund and $500,000 to the Special Revenue Fund are Internal Service funds involving governmental activities.  They are unlike enterprise funds that reach the control of the government's internal services.  In this case, therefore, there is no transfer out, as the transfers were within or internal.

You might be interested in
Use the cost information below for Laurels Company to determine the cost of goods manufactured during the current year:
adelina 88 [10]

Explanation:

jsjdjdnx xb ,nxjjsjsjs

5 0
2 years ago
A stockholder in a Subchapter S corporation:
Lina20 [59]

Answer:

The answer is C.

Explanation:

The shareholders are the owners of the company while board of directors are the agents( although many directors now have shares in the company) that runs the business on behalf of the shareholders. The problem associated with directors not pursuing the interests of the shareholders is known as agency problem.

Board of directors/directors are to make sure the business run smoothly while the shareholders provide the fund to meet emergencies.

8 0
3 years ago
Bobby decides to sell lemonade on a hot summer day. If Bobby sells 20 glasses of lemonade for $0.20 per cup, and his average tot
MAXImum [283]

Answer:

c. $0.6

Explanation:

The economic profit is the difference between total income and total cost. The total cost is the multiplication of the average cost by the number of sold glasses.

Total income = 20 * 0,2 = 4

Average cost = 0,17

Total cost = 0,17 * 20 = 3,4

Economic profit = Total income - total cost = 4 - 3,4 = 0,6

4 0
2 years ago
A _____ is a person who will attest to your ability to perform a particular job.
Gnoma [55]
<span>A reference is a person who will attest to your ability to perform a particular job. A person has to face several examinations before he receives a job through an employer. Employers need to check the individual's background of previous performance, experience, and skills. A reference could provide the information needed for that examination.</span>
7 0
3 years ago
Read 2 more answers
Arbor Corporation had reported the following amounts at December 31, 2014: Sales revenue $184,000: ending inventory $11,600: beg
Rudiy27

Answer:

The cost of goods available for sale is $74100.

Explanation:

The cost of goods available for sale is the total cost of the inventory that a business has available during a period of time for sale. The cost of goods available for sale is calculated by adding the beginning inventory with the cost of goods purchased.

The cost of goods purchased during the year = 60400 - 3000 - 1100 + 600 = $56900

The cost of goods available for sale = Beginning inventory + cost of goods purchased

The cost of goods available for sale =  17200 + 56900 = $74100

5 0
2 years ago
Other questions:
  • How should the davises react to adidas' planned acquisition of reebok? what aspects of new balance's operations strategy should
    7·1 answer
  • What was the spot exchange rate of Canadian dollars for U.S. dollars (USD/CAD) on July 15, 2016? (Round your answer to 4 decimal
    6·1 answer
  • Bond Calculations: 1) Avon Products Note 06.5% Coupon: 6.500% Maturity 5 years Rating: Moodys: BAA3 Price: $108.093 Calculate: Y
    9·1 answer
  • Turner Company issued $300,000 of 6%, 5-year bonds at 98.
    13·1 answer
  • A space into which you can safely direct your vehicle with the lowest possible risk is referred to as your
    6·1 answer
  • Which of the following results from outsourcing jobs from the United States
    15·2 answers
  • Oil Dawg, an oil tanker company, shipped oil to coasts all over the US. During many deliveries, the crew was dumping waste into
    15·1 answer
  • Depreciation
    10·1 answer
  • V
    12·2 answers
  • After informing his employer that he had cancer, Steve was abruptly fired. The federal legislation that prohibits discrimination
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!