Cartier Village's capital expenditures during the year ended December 31 included: Equipment for village tax collector's office$40,000 Police vehicles 60,000 ? What amounts should have been recorded in the General Fund and the governmental activities journal for the increase in the equipment account during the year ended December 31?
A. General Fund: $0; Governmental activities: $0
B. General Fund: $100,000; Governmental activities: $0
C. General Fund: $40,000; Governmental activities: $60,000
D. General Fund: $0; Governmental activities: $100,000
Answer: D
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Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows $18,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit1,450Outstanding checks837?Additionally, a $29 check written and recorded by the company correctly was recorded by the bank as a $92 deduction. The adjusted cash balance per the bank records should be:
A. $16,137 B. $18,974 C. $20,711 D. $18,911 E. $19,037
Hill Top Lumber Company is considering building a sawmill in the state of Washington because the company doesn't have such a facility to service its growing customer base that is located on the west coast. Hill Top's executives believe that future growth in west coast customers will make the sawmill project a good investment. When evaluating the acceptability of the project, which of the following would be considered a relevant cash flow that should be included when determining its initial investment outlay?
A. Hill Top spent $150,000 to prepare the feasibility report of the project. B. The annual cash inflow of $2 million from another existing project that will continue unaffected by the new project. C. The cost of an existing debt of the firm that will annually increase by 0.3 percent as per the lending terms of the debt. D. The cost of $3 million incurred to clear the land on which Hill Top wants to build the sawmill. E. It is estimated that $20 million of business from existing customers will move to the new sawmill.
Since it is not practical for many stock owners to attend corporate meetings at which shareholders vote to approve major decisions, shareholders are sent ______ to be voted on their behalf
a. proxies b. substitutes c. informants d. secret ballots e. open ballots
According to Hofstede, a country's economic health is positively correlated with
A. cultures with no uncertainty avoidance. B. cultures with high power distance. C. collectivist cultures. D. feminist cultures. E. individualist cultures.