Ask Question, Ask an Expert


Ask Accounting Basics Expert

problem1: A government need not necessarily account for an activity in an enterprise fund even though it;

[A] Is required by law or policy to recover the cost of the activity by fees

[B] Opts to establish pricing policies so as to recover its costs, including capital costs

[C] Charges fees for the activity and those fees are material in amount

[D] Finances the activity solely with revenue debt

problem2: Except for FASB pronouncements that have been overridden by specific GASB pronouncements, in their enterprise funds governments must;

[A] Apply all FASB pronouncements issued subsequent to November 30, 1989

[B] Apply all FASB pronouncements issued prior to November 30, 1989, and governments may apply pronouncements of their choosing issued after that date

[C] Apply all FASB pronouncements, irrespective of when issued

[D] Apply all FASB pronouncements issued prior to November 30, 1989, and apply either all or none of the pronouncements issued after that date

problem3: Tap fees that exceed the cost of hooking customers into the utility should be accounted for as;

[A] A combination of capital contributions and ordinary revenues

[B] Extraordinary items

[C] Capital contributions

[D] Ordinary revenues

problem4: Landfill closure and post-closure costs should be recognized as expenses;

[A] In the periods that the landfill is in operation

[B] In the period in which the landfill is opened

[C] In the periods incurred

[D] In the period that the landfill is closed

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M921712

Have any Question? 

Related Questions in Accounting Basics

Ecampus accounting cycle paperaccounting cycle paper-

eCampus Accounting Cycle Paper Accounting Cycle Paper- Assessment Activity- Write a 700- 1,050-word paper including the following: · The purpose of accounting and financial reporting within your organization or an organi ...

Practice questionsdistinguish betweennormal lossesabnormal

Practice questions: Distinguish between normal losses abnormal losses and explain their costing treatments.

Contaminated blood culture specimens in the emergency

Contaminated Blood Culture Specimens in the Emergency Department: Making the Business Case for Improving Quality 1. Scenario. As part of an organization-wide performance improvement initiative to address the accuracy and ...

Practice questionsindicate which of the following costs

Practice questions: Indicate which of the following costs that are incurred in a manufacturing company are production costs, selling and distribution costs or administration costs: • Motor vehicles' licences • Depreciati ...

The president of coopie awards was analyzing the actual and

The president of Coopie Awards was analyzing the actual and budgeted results of operations for the current year. She noticed several favorable variances and, in a meeting gave accolades to the production manager. She als ...

Practice questionsthink of a business that you would like

Practice questions: Think of a business that you would like to start. Draw up a list of all the expenses the business would incur and indicate the source of the information you would need to calculate the figures for the ...

Practice questionsdescribe the main disadvantages of using

Practice questions: Describe the main disadvantages of using money as a unit of measurement to record business transactions.

Accounting theory assignment-read the articles on study

Accounting Theory Assignment- Read the articles on study desk: Volkswagen The scandal explained Instructions This assignment is a research based essay where you are required to relate a practical example to accounting th ...

Practice questionsdescribe the treatment of administration

Practice questions: Describe the treatment of administration, selling and distribution overheads in calculating total unit cost.

1 introductionthis coursework assignment carries 30 of the

1. Introduction This coursework assignment carries 30% of the total of 100% for this Module. It comprises one requirement with one task. It is an individual not a group-based assignment. The task/requirement is detailed ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate