Business, 17.10.2020 19:01 Knownothing
The uncollected balance of current taxes receivable and the related estimated uncollectible account were reclassified as delinquent. Property tax revenues and deferred inflows of resources were adjusted for unavailable revenues. Interest and penalties of $1,200 were accrued, of which $120 was estimated to be uncollectible.
Required:
Record this transaction in both the debt service fund and governmental activities journals. In the debt service fund net receivables and interest and penalties should be also be recorded as deferred inflows of resources, rather than revenues.
Answers: 1
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Business, 21.06.2019 20:00
When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting
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Trinity coatings company uses the indirect method to prepare its statement of cash flows. refer to the following information for 2018: the beginning balance in the cash account was $ 3 comma 000. net cash provided by operating activities: $ 42 comma 000 net cash used for investing activities: $(26 comma 500) net cash provided by financing activities: $ 1 comma 700 the statement of cash flows will show
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In order to gauge public opinion about how to handle iran's growing nuclear program, a research group surveyed 1010 americans by telephone and asked them to rate the threat iran's nuclear program poses to the world on a scale of 1 to 10. describe the population, sample, population parameters, and sample statistics. identify the population in the given problem. choose the correct answer below.
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The uncollected balance of current taxes receivable and the related estimated uncollectible account...
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