On june 1, royal corp. began operating a service company with an initial cash investment by shareholders of $3,721,000. the company provided $7,400,000 of services in june and received full payment in july. royal also incurred expenses of $2,129,000 in june that were paid in august. during june, royal paid its shareholders cash dividends of $600,000. what was the company's income before income taxes for the two months ended july 31 under the following methods of accounting?

Salvador county issued $25 million of 5% demand bonds for construction of a county maintenance building. the county has no take-out agreement related to the bonds. it estimates that 20% of the bonds would be demanded (called) by the buyers if interest rates increased at least 1%. at year-end rates on comparable debt were 7%. how should these demand bonds be reported in the government-wide financial statements at year-end? a) $25 million in the long-term liability section of the governmental activities column. b) $5 million in the current liability section of the governmental activities column and $20 million in the long-term liabilities section of the governmental activities column. c) $5 million in the governmental activities column and $20 million would be reported in the schedule of changes in long-term debt obligations. d) $25 million in the current liability section of the governmental activities column

For each example identify the most appropriate ctso

Adecision is made at the margin when each alternative considers