65. Which of the following inventories of a government entity would be subsequently measures at a lower of cost and current replacement cost? Inventories of rice that are held for sale Medicines being sold by a government-owned pharmacy Books to be distributed to students in public schools Forest products held for sale

Q: 61. Which of the following tyP ganizations follow FASB statem Investor-Owned Private Not-for-Pro…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The street maintenance division of a municipality is privatized and sold all the maintenance…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: A forprofit business has a focus on profit and loss and follows GAAP regulations A government entity…

A: GAAP - Generally accepted accounting principles (GAAP), They refer to a common set of accounting…

Q: Mulitple choice question In the federal government, which organizations make appropriations and…

A: 1) Appropriation : it means setting up of money for specific purpose. For example Amount…

Q: onation received for specific purpose is: a. Credited to income and expenditure account b. Shown on…

A: Since there are multiple questions, we will solve only first for you. To get the remaining questions…

Q: What characteristics about the non-profit homeless shelter suggest the hybrid cost system is what…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: Which of the following would be considered a program revenue in the statement of activities for a…

A: Given: The consideration of the revenue program in the governmental activity statement.

Q: Some VHWOS and ONPOS combine educational and program brochures with their fundraising mailings and…

A: VHWOs stand for Voluntary Health and Welfare Organizations, which are non-profit organizations…

Q: The organization sells goods from its online bookstore.  Is this change in net assets with or…

A: The treatment of the sale of goods from an online bookstore by a nonprofit organization depends on…

Q: Evergreen County acts as the disbursing agent for a state grant for the performing arts. The state…

A: The transactions and events in the business operations are recorded in the books of accounts in the…

Q: Which of the following is a special purpose government? Select one: a. All the other points b.…

A: Special purpose government generally means type of public authority. This government generally…

Q: A city creates a solid waste landfill. It assesses a charge to every person or company that uses the…

A: Not for profit organizations: The business entities whose motive of the business is not to reap…

Q: Required: For each of the costs listed, indicate with an A (allowable) if the cost is always…

A: Disallowed costs Costs that are not allowed under federal grant in accordance with Federal Statutes,…

Q: What are some reasons to maintain actual costs in line with the budgeted amount? Describe the work…

A: The Answer :

Q: 69. The Audit Guide requires that private not-for- profit hospitals report a performance indicator…

A: Audit Guide requires to report a performance indicator on its statement of operations by a private…

Q: What are special events? Give a few examples. Are special events conducted by the Not for Profit…

A: The Not-for-profit organizations (NPO) are the organizations that are made with an objective of…

Q: The board of directors of Earth Rock's!, a nonprofit organization focused on environmental…

A: Earth rocks can calculate % of Program expenditure to total cost.

Q: ntity A, a government hospital acquires medicines to be sold in its pharmacy. Entity A record the…

A: Inventory means the stock of goods in hand . Goods means the thing in which the business deals and…

Q: Which of the following are measures of effectiveness for a government funded school? (1) The number…

A: The question asks about measures of effectiveness for a government-funded school. Measures of…

Q: Scenario: Bain Educational operates an elementary school in Big Bucks, Kansas. The school is open to…

A: Public provision is a scenario wherein the government offers services or/and goods to the public by…

Q: 7. Scholarships for students' tuition and fees that are being paid from grants the university…

A: a. A reduction of tuition and fee revenues.When scholarships are awarded to students and are used to…

Q: C. Using the contents presented in the Units supported by information in the relevant IPSASs, give a…

A: Revenue:The revenue refers to the gross revenue. It is the sum of all the sources where the company…

Q: 18 Government expenditure includes all public consumption, investment, and transfer payment. Which…

A: The word "current expenditure" refers to the government's short-term payments that must be made…

Q: A city creates a solid waste landfill. It assesses a charge to every person or company that uses the…

A:

Q: A donor gives the organization a cash contribution to be used for expanding the organizations food…

A: The change in net assets resulting from a cash contribution given to an organization by a donor for…

Q: 10. If a university receives a grant to test a product under a federal contract, but the government…

A: When the university is awarded a federal grant, it recognizes the grant revenue in its financial…

Q: As a governmental agency (FAA), costs and funding are an important issue. Are there ways to minimize…

A: The Federal Aviation Administration is responsible for making rules and regulation for…

Q: Why does the operation of a solid waste landfill create reporting concerns for a local government?

A: Corporate Social Responsibility:   It refers to all the actions of the corporate enterprise towards…

Q: What would be a non-value added activity of a non-profit homeless shelter? This means the activity…

A: Non-value added activities refers to the activities that do not add value to the product or service…

Q: Which of the following is an appropriate base to distribute the cost of building depreciation to…

A: A responsibility center is an operational unit or entity within an organization, that is responsible…

Q: Explain why there is a difference between the government-paid portion of premium as a percent of…

A: The answer is stated below:

Q: Question 1 Which of the following descriptions is not true of state university systems? O State…

A: A. State universities can create non-profit organizations to solicit endowments, hold investments,…

Q: The prices by which the government buys food grain for the maintenance of the public distribution…

A: The objective of the question is to identify the correct term for the price at which the government…

Q: What is the difference between forecasting and budgeting? Provide examples. Who funds law…

A: Forecasting Vs BudgetingForecasting involves making informed predictions about future events or…

Q: The primary objective of government or not for profit organizations like public schools,…

A: The primary objective of Business is profit maximization

Q: A public university ordered the 2 vehicles for the use of students and staff. Upon ordering the…

A: The question is multiple choice question. Requied  Choose the Correct Option

Q: If the government intends to increase the welfare of certain groups through special programs…

A: Efficiency means to make the best use of the resources or to make use of minimum inputs for the…

Q: search and make a reflection paper on how the Government exerted efforts to help its citizens during…

A: Taxes are mandatory contributions made by government agencies from individuals or businesses,…

Q: A country passes a law that mandates secondary education. Which resource is the primary focus of…

A: Human capital seems to be the monetary worth of labour capabilities and characteristics that impact…

Q: What features of a non-profit homeless shelter imply that a hybrid cost method should be utilized to…

A: This question explains about why should a hybrid cost technique be used to distribute resources…

Q: Waterways mass-produces a special connector unit that it normally sells for $3.90. It sells…

A: SPECIAL ORDER ANALYSISUntil Information is Provided, There shall be no additional Fixed…

Q: Vacation LEAVE should be accrued as a liability as long as employees have earned the time off and…

A: A compensated absence is paid time off for an employee, which can occur in scenarios such as sick…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.