The FDA cannot require that nutritional information be provided on labels on canned and packaged foods because forced speech violates the federal Constitution
Indicate whether the statement is true or false
F
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Wyoming Real Estate purchased a building for $600,000 in 2002 . At the end of 2014, when it had a book value of $450,000, it was appraised for $1,000,000 . A potential buyer offered $900,000 . Wyoming rejected the offer. What amount should is recorded on Wyoming's records at the end of 2014 in the account called Buildings?
a. $1,000,000 b. $900,000 c. $600,000 d. $450,000
Using bar codes to take a physical inventory is considered poor accounting practice
Indicate whether the statement is true or false
Which of the following is NOT an example of a business model approach for a new venture?
a. Manufacturing b. Creating services c. Licensing d. All the above are examples of approaches to business modeling
The board of commissioners of the city of Jarmaine adopted a General fund budget for the year ending June 30, 2018, which indicated tax levy revenues of $1,300,000, bond proceeds of $520,000, appropriations for government operations of $1,170,000, and operating transfers out of $390,000.Required:If this budget was formally integrated into the accounting records used to produce the governmental fund financial statements, what was the required journal entry at the beginning of the year?
What will be an ideal response?