On January 1, 2010, a city signs a capital lease for new equipment for the police department.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Within the governmentwide financial statements the accounting for capitalized leases is the same as ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
Question Posted:
Students also viewed these Accounting questions
-
On January 1, 2015, a city signs a capital lease for new equipment for the police department. How does the city report this transaction on government-wide financial statements? On fund financial...
-
On January 1, 2013, a city signs a capital lease for new equipment for the police department. How does the city report this transaction on government-wide financial statements? On fund financial...
-
A big organization decides to construct new plants to produce products and satisfy customers demand in five regions while minimizing the relevant costs. The fixed costs, variable costs (production...
-
Do you think that differences in reward practices across countries reflect differences in national cultures or other influences?
-
A beer distributor claims that a new display, featuring a life-size picture of a well-known athlete, will increase product sales in supermarkets by an average of 40 cases a week. For a random sample...
-
Find the functions absolute maximum and minimum values and say where they are assumed. g() = 3/5 , -32 1
-
On June 30, 2009, Sampras Company reported the following account balances: Receivables Inventory Buildings (net) Equipment (net) Total assets $ 80,000 Current liabilities $ (10,000) 70,000 Long-term...
-
A ccess the FASBs Codification Research System at the FASB website (www.fasb.org). Required: Determine the specific citation for accounting for each of the following items: 1. If it is only...
-
On March 1, Phil Co., a U.S. company, sold and delivered merchandise on a thirty-day account to Catrin Co. , an Italian corporation, for 100,000 euros. On April 1Catrin paid Phil in full. Relevant...
-
The adjusted trial balance of A. Oriole Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $20,000; Purchases $156.500: Sales Revenue $192.500: Freight-in...
-
What criteria does a state or local government apply to determine whether to capitalize a lease?
-
On December 31, 2010, the city in question 2 makes its first annual lease payment. How does the city report the payment on government-wide financial statements? On fund-based financial statements?
-
Determine the degree of unsaturation, and then draw possible structures, for compounds with the following molecular formulas: a. C3H6 b. C3H4 c. C4H6
-
The following graph shows a market supply curve in orange and a market demand curve in blue. Suppose there is an increase in demand and an increase in supply. Adjust the following graph to reflect...
-
AICPA and PCAOB auditing standards address the confirmation of accounts receivables. Under the currently effective standards, what are the circumstances under which confirmation of accounts...
-
Maphitha Limited produces a single type of a product. The company uses an actual costing system. The following information has been taken from the company's production and sales records for the month...
-
Master Budget was made for annual sale of 100,000 units @10 per unit. Actual sales figures were 80,000 units with a sales revenues of 840,00. The standard cost sheet indicated a variable...
-
Sales of a product was estimated at 80,000 pieces annually with a rate of 6 pu. Its variable mfg. costs are 2.50 pu with S&D and general expenses related to product is 59,000 on annual basis. Its...
-
What are the debit and credit totals shown in the trial balance report (before adjusting entries)?
-
The comparative statements of financial position of Menachem NV at the beginning and end of the year 2019 appear below. Net income of ¬34,000 was reported, and dividends of ¬23,000 were paid...
-
Consider the plane stress 4-node element shown in the figure. Its global node numbers are shown in the figure with the element connectivity in the table. The coordinates of the nodes in the global...
-
How do governmental funds report capital outlay in fund financial statements? How do government-wide financial statements report capital expenditures?
-
How is the issuance of a long-term bond reported on fund financial statements? How is the issuance of a long-term bond reported on government-wide financial statements?
-
How is the issuance of a long-term bond reported on fund financial statements? How is the issuance of a long-term bond reported on government-wide financial statements?
-
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
-
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
-
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.
Study smarter with the SolutionInn App