Question: What is a fund? Distinguish between a fund and an appropriation of retained earnings.

What is a fund? Distinguish between a fund and an appropriation of retained earnings.

Step by Step Solution

★★★★★

3.31 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A fund involves setting aside cash and other assets to accomplish specific o... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

120-B-A-I (1134).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

Explain why an appropriation of Retained Earnings is not the same as setting aside cash. How does a corporation dispose of a Retained Earnings Appropriated account such as Retained Earnings...

Q:

Distinguish between an expense and an expenditure.

Q:

Distinguish between an HO-3 and an HO-4 property policy?

Q:

An appropriation of retained earnings by the board of directors of a corporation for bonded indebtedness will result in The establishment of a sinking fluid to retire bonds when they mature. A...

Q:

I only need for the economics and financial performance part to be done as per the table in the assignment question attachment. 600-800 words. I have completed the rest of the assignment already. The...

Q:

ACCT2060- Accounting for Organisations and Society Marking Rubric for Individual assignment Semester 1 2016 High distinction 10 Distinction 7.5 Credit 6.5 Pass 5 Below standards 2.5 Title page, and...

Q:

What is a fund? Distinguish between a fund and an appropriation of retained earnings.

Q:

What is a fund? Distinguish between a fund and an appropriation of retained earnings. As an owner/operator of a small business, might it prove beneficial for you to make use of utilizing "funds"?

Q:

Identify the following: 1. It entitles an employee to receive cash which is equal to the excess of market value of the entity's share over a pre-determined price for a stated number of shares.* 2....

Q:

7. An appropriation of retained earnings by the board of directors of a corporation for future plant expansion will result in. Please explain A. A decrease in the total retained earnings presented on...

Q:

Danielle constructs a scale model of a building with a rectangular base. Her model is 2 inches in length and 1 inch in width. The scale on the model is 1 inch =47 feet. What is the actual area, in...

Q:

In evaluating the situation presented in the previous problem, youve found a pure play company in the proposed industry whose beta is 2.5. The rate of return on short-term treasury bills is currently...

Q:

S5-20 Continuation of S5-19: Compute cost per equivalent unit in second department (Learning Objective 5) Refer to the Crystal Springs Bottling Department Data Set and your answer to S5-19. Complete...

Q:

Question 2: Coach Chris is a very popular basketball coach at Northeast Southwest College. He is under contract to coach at Northeast Southwest for the next three years. The terms of the contract...

Q:

Distinguish between gross profit as a percentage of cost and gross profit as a percentage of sales prices. Convert the following gross profit percentages based on cost to gross profit percentages...

Q:

Distinguish between gross profit as a percentage of cost and gross profit as a percentage of sales prices. Convert the following gross profit percentages based on cost to gross profit percentages...

Q:

Distinguish between gross profit as a percentage of cost and gross profit as a percentage of sales prices. Convert the following gross profit percentages based on cost to gross profit percentages...

Q:

The following balances/data was extracted from the accounting records of Chocolate Chips Ltd on 28 February 2022, the end of their financial year. Share capital (900 000 shares issued at R2 each)...

Q:

Blue Moose Home Builders is considering investing $450,000 in a project that is expected to generate the following net cash flows: Year Cash Flow Year 1 $300,000 Year 2 $400,000 Year 3 $425,000 Year...

Q:

Show work 1.A respected analyst forecasts that the return of the S&P 500 Index portfolio over the coming year will be 10%. The one-year T-bill rate is 5%. Examination of recent returns of the S&P 500...