If a government has no potential liability for payment of special assessment debt in the event of default by the property owners, then an agency fund may be used to account for the proceeds of the special assessment.
Answer the following statement true (T) or false (F)
True
Assets accounted for in an agency fund belong to the party or parties for which the government acts as agent. Because there is not liability on the part of the government an agency account is be used.
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List at least three elements normally included in the body of a formal proposal
What will be an ideal response?
E-commerce is not generally a central part of most firms' marketing strategies.
Answer the following statement true (T) or false (F)
A tenant remaining in possession with permission of the landlord has a tenancy
a. for years. b. at sufferance. c. at will. d. of trespass.
Sill Corporation makes one product. Budgeted unit sales for January, February, March, and April are 9,900, 11,400, 11,900, and 13,400 units, respectively. The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 40% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. If 61,000 pounds of raw materials are required for production in March, then the budgeted raw material purchases for February is closest to:
A. 57,500 pounds B. 104,900 pounds C. 58,900 pounds D. 81,900 pounds