The modified approach for infrastructure requires schedules and disclosures to be included in which part of the CAFR?
A. Proprietary Fund Statements
B. Required supplementary Information
C. Notes to the Financial Statements
D. Other Supplementary Information
Answer: B
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Every project has the same potential to evolve into a high-performance team.
Answer the following statement true (T) or false (F)
Carlton Corporation Carlton Corporation produces and sells faux-leather handbags. In the current year, the company budgeted for the production and sale of 1,000 handbags; however, 900 handbags were actually produced and sold. Each bag has a standard requiring two yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour. Actual costs for the production
of 900 bags were $7,215 for materials (1,850 yards purchased and used @ $3.90 per yard) and $10,125 for labor (1,125 hours @ $9.00 per hour). Refer to the Carlton Corporation information above. Carlton's direct materials price variance is: A) $195 U. B) $ 15 U. C) $185 F. D) $180 F.
The MBA redesign committee presents the results of their five-year project to their bemused Dean. They hope it is not just wishful thinking that they are in the:
A) Planning phase. B) Conceptualization phase. C) Execution phase. D) Termination phase.
Based on the information in Table 4-3, assuming that the firm has no preferred stock, and paid
$300,000 in common dividends, the firm's return on equity was A) 61.89%. B) 43.34%. C) 79.43%. D) 33.53%.