All categories

3 years ago

The City of Oxbow General Fund has the following net resources at year-end:

Business

1 answer:

Delvig [45]3 years ago

7 0

Answer:

$1,622,000

Explanation:

Preparation of the fund balance section of the balance sheet.

Partial Balance Sheet-General Fund

As of December 31

FUND BALANCES SECTION OF THE BALANCE SHEET

Nonspendable:

Prepaid Insurance $10,000

Restricted:

Intergovernmental Grants $250,000

Emergency services $26,000

Committed:

Rainy Day Fund $600,000

Capital Projects $275,000

Assigned:

Unassigned $461,000

TOTAL fund balance $1,622,000

Therefore the fund balance section of the balance sheet will be $1,622,000

You might be interested in

Lila Miller, who works for a large software firm, is four months pregnant and due for a promotion. However, her employer offers

Ludmilka [50]

Answer: D) Lila's employer has violated Title VII of the Civil Rights Act of 1964.

Explanation:

Based on the information given in the question, we can infer that Lila's employer has violated Title VII of the Civil Rights Act of 1964.

Title VII of the Civil Rights Act of 1964 simply protects employees against firm of discrimination that are based on sex, color, race, national origin, and religion.

Since Lila is pregnant and due for promotion but the promotion was given to Harry, she has been discriminated upon based on her sex.

Therefore, the correct option is D.

3 0

3 years ago

"The type of retirement plan that gives the employer flexibility as to the amount contributed annually is a(n):"

Veseljchak [2.6K]

Answer:

SEP-IRA

Explanation:

It's a retirement savings plan made by employers including people that are self-employed for the benefit of their employees and themselves. The employer may make tax-deducible contributions for certain employees towards their SEP-IRA

4 0

3 years ago

The premise of sociobiology with regard to humans is that:

Anarel [89]

The belief that human behavior, as well as nonhuman animal behavior, can be partly explained as the outcome of natural selection

6 0

3 years ago

A budget represents the plans that a company has in place to achieve its goals.

goldfiish [28.3K]

I believe the answer is A. True

5 0

3 years ago

Read 2 more answers

Which of the following is not true of taxable asset purchases?

shutvik [7]

Answer:

e. None of the above

Explanation:

The taxable asset purchases allows the individual to increase or step up the tax basis of acquired assets so as to reflect the price of the purchases made.

If one buy an assets, then he or she wants to allocate total purchase price in a way which gives a favorable postacquisition tax results.

In case of taxable asset purchases, the tax credits or the net operating losses cannot be transferred from the target firm to the acquiring firm.

6 0

2 years ago