A contribution was received by the city for the purchase of playground equipment. The contribution would not be recognized as revenue by the permanent fund until the playground equipment has been purchased.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The problem with setting a uniform global price for a product is that ________
A) it allows intermediaries in low-price countries to reship their products to high-price countries B) the company would earn the same profits everywhere, regardless of the cost structure C) this strategy can price the product out of the market in countries where costs are high D) this strategy makes the price too high in poor countries and not high enough in rich countries E) it is ineffective for products that are homogeneous
Intraperiod tax allocation
A. is used to allocate a company's total income tax expense to the components of net income and comprehensive income. B. involves temporary (timing) differences between financial and taxable incomes. C. requires allocation of deferred taxes across accounting periods. D. results from differences between tax regulations and the principles followed to determine financial income.
The accountant of Action Adventure Games prepared a balance sheet after every 10-day period. The only resources invested by the stockholder were at the start of the company on June 1. During June, the first month of operation, the following balance sheets were prepared:ACTION ADVENTURE GAMESBalance SheetJune 10Assets?Equity?Cash……………………..$60,000Common stock……………..$60,000Total assets………………$60,000Total liabilities and equity…$60,000ACTION ADVENTURE GAMESBalance SheetJune 20 Assets?Liabilities?Cash……………………. $48,000Notes payable……. $18,000Land……………………. 10,000Equity?Building…………………20,000Common stock…..60,000Total assets…………..$78,000Total liabilities and equity$78,000ACTION
ADVENTURE GAMESBalance SheetJune 30Assets?Liabilities?Cash……………………. $51,000Accounts payable….$2,000Office supplies…………2,000Notes payable……. 18,000Land……………………. 10,000Equity?Building…………………20,000Common stock…..60,000??Retained earnings3,000Total assets…………..$83,000Total liabilities and equity$83,000Required: Describe the nature of each of the four transactions that took place between the balance sheet dates shown. Assume only one transaction affected each account.June???10??20??30???? What will be an ideal response?
There are four types of illegal activity under the Civil Rights Act of 1964 . Which choice lists these four?
a. disparate treatment, disparate impact, hostile environment, and retaliation b. disparate employment, unfair promotions, hostile environment, and unfair firing c. false reports, retaliation, prima facie discrimination, sexual harrassment d. religious disparaging, racial profiling, sexual harrassment, unfair promotions