Explain how capitalization of interest costs differs for enterprise funds as opposed to governmental funds.
What will be an ideal response?
Unlike self-constructed general capital assets where interest capitalization is prohibited, GASB requires interest capitalization for self-constructed assets of proprietary funds.
You might also like to view...
Comment on the following statement: "Legacy systems use flat file structures."
Andrews Corporation purchased 3,00 . gallons of raw materials for $9,200 . The standard price is $3.00 per gallon. If Andrews records the price variance at the earliest possible time, the entry to record the purchase of the material is:
a. Materials 9,200 Material purchase price variance 200 . Accounts payable 9,000 b. Materials 9,000 Accounts payable 9,000 c. Materials 9,000 Material purchase price variance 200 Accounts payable 9,200 d. Materials 9,200 Accounts payable 9,200
March refers to the organization learning new things through accidents, risk taking, and chance as _____________.
a. Exploitation b. Experience c. Exploration d. Exorcism
The k-nearest neighbor algorithm is overly complex when compared to artificial neural networks and support vector machines
Indicate whether the statement is true or false