Q: Trudy Company incurred the following costs. 1 Sales tax on factory machinery purchased $ 5,000 2.Painting of and lettering on truck immediately upon purchase 700 3.Installation and testing of factory machinery 2,000 4.Real estate broker’s commission on land purchased 3,500 5.Insurance premium paid for first year’s insurance on new truck 880 6.Cost of landscaping…
Read More1. (TCO A) On what should the government-wide financial statements report? (Points : 5) Net position and results of the financial operations of the government as a whole. Budgetary Compliance The cost of government services Fiscal accountability 2. (TCO B) According to GASB standards, when should transfers be recognized? (Points : 5) When earned. When…
Read MorePm 592 Week 6 Quiz | Question : | (TCO B) Crashing Problem Using the network below and the additional information provided, find: (a) The crash cost per day per activity? (b) Which activities should be crashed to meet a project deadline of 12 days at minimum cost? (c) What is the extra cost…
Read More1. Inform the President of any new internal control requirements if the company decides to go public. (7 points) Ans: The management of LJB Company is responsible for maintaining adequate internal control over financial reporting. The new internal control requirements that should be adhered to are as below: The company should be in compliance…
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