Prepare the Appropriation Account of The Sharks Bay Fishermen's Cooperative Society
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- A grant from the government conveying to and securing for an inventor the exclusive right to make, use, and sell an invention is a: a) copyright. b) goodwill. c) trademark. d) trade secret. e) all of the aboveThis problem has two parts, part a and part b. Answer each part separately using the same information. Do not mix answers to a and b; they are answered separately. Problem a: Using the list of transactions below, provide all necessary journal entries for the Fund statements. You also need to identify which funds are involved in the transaction, such as the Capital projects fund, Debt service fund Special revenue fund, or Permanent fund. Problem b: Using the same list of transactions, provide all necessary journal entries for the Governmental Activities section in the Government-wide statements. Write “no entry” if no entry is needed. Dunellen City, covered in this problem, issues a $10,000,000 bond at face value. The cash is to be used for the construction of a fire station. Previously undesignated cash of $100,000 from the General Fund is set aside to begin paying the bonds issued in item (1). A state cash grant of $300,000 is received that must be spent in the future for…A flood insurance rate map Specifies a designated floodplain management program for a community. Determines exact rates that insurers charge for flood coverage. Shows the exact boundaries for special flood hazard areas (SFHAs). Specifies the maximum amounts of insurance available under the programs.
- Depreciation expense is reported for a not-for-profit organization's equipment and furniture.Select one:TrueFalseJustify the presentation of the required accounting and financial reports to a city, when it uses funds, such as Capital project funds or Debt services funds, including the notes to the reports?How does the topic of accounting for government grants relate to the topic of accounting for biological assets?
- Topic Please research an annual comprehensive financial report of any local municipality of your choice that had a general government capital construction project that was financed. Discuss the project and type of financing that the local government used, and opine on the other various financing options that the government could have used. In your opinion, did the local government use the most effective financing option? Why or why not? Note: Please provide a link to the referenced material used. This can be attached as a website link or a document (PDF/Word). Make sure to reference your source (using APA 7th edition).How to tell the panelist that the group will get funds from the municipality treasury and, it is the duty of the municipality treasurer to fully fund all the needed expenses of the project.In the issue of land use control, whose interests should prevail: the individual property owner or the public body seeking to impose such controls?
- What type of fund is unique only to a local government unit? Select the correct response: General Fund Depositary Fund Special Education Fund Trust Fundsing for Governmental and Non-Profit Organizatio ion II 2020/ACT 343/D1/ Section 7 Accounting for Governmental and Non-Profit Organizations How does a voluntary health and welfare organization account for donated goods and cash contributed for operating purposes? What types of revenues are recognized by voluntary health and welfare organizations? 00 三 三 A B I -Which of the following statements is correct? Multiple Choice A contribution receivable should be recognized as an asset when the amount can be reasonably estimated AND the ultimate collection is reasonably assured. A contribution receivable should be recognized as an asset when the amount can be reasonably estimated OR the ultimate collection is reasonably assured. Bequests are accrued at the time the donor advises the NFPO of the gift. Government funding is recognized as contribution revenue as long as the government is the direct recipient of the good or service. Group Ends