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23. FASB standards applicable to private colleges and universities require that their financialstatementsA) Provide separate columns for each fund group.B) Provide aggregated financial information on an entity-wide basis.C) Include a statement of changes in fund balances.D) Include a statement of cash flows prepared using the direct method.

Option- aFASB standards applicable to private colleges and universities require that their financialstatements provide separate columns for each fund group.

 
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A. FASB Interpretations b. CAP Accounting Research Bulletins c. APB Opinions d. All of these are part of generally accepted accounting principles. Which of the following is not a part of generally accepted accounting principles? A. FASB Interpretations b. CAP Accounting Research Bulletins c. APB Opinions d. All of these are part of generally accepted accounting principles. Which of the following publications does not qualify as a statement of generally accepted accounting principles? A. Statements of financial standards issued by the FASB b. Accounting interpretations issued by the FASB c. APB Opinions d. Accounting research studies issued by the AICPA Rule 203 of the Code of Professional Conduct address: a. ethical requirements. B. financial statements should be based on generally accepted accounting principles. C. advertising to obtained clients. D. auditing financial statements. Test Bank for Intermediate Accounting, Thirteenth Edition What is the purpose of a FASB Staff Pos

 
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Read the attached document and write a a rhetorical analysis of 350 word essay in paragraph answering these questions. Questions for Rhetorical Analysis What is the rhetorical situation? What occasion gives rise to the need or opportunity for persuasion? What is the historical occasion that would give rise to the composition of this text? Who is the author/speaker? How does he or she establish ethos (personal credibility)? Does he/she come across as knowledgeable? fair? Does the speaker””s reputation convey a certain authority? What is his/her intention in speaking? To attack or defend? To exhort or dissuade from certain action? To inform or convince? To explore or meditate? To praise or blame? To teach, to delight, or to persuade? Who makes up the audience? Who is the intended audience? Who have been or might be secondary audiences? What values does the audience hold that the author or speaker appeals to?

 
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Faruga Company was late in paying its state unemployment contributions of 4.0%. If the company had taxable wages (FUTA & SUTA) during the year of $315680, what would be its net FUTA tax for the year?

 
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farmers bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. Merchants Bank offers to lend you the $50,000, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What’s the difference in the effective rates charged by the two banks?1.56%1.30%1.09%0.91%0.72%

 
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Farmer McDonald gives banjo lessons for $20 an hour. one day, he spends 10 hours planting $100 worth of seeds on his firm.What opportunity cost has he incurred? What cost would his accountant measure? If these seeds will yield $200 worth of crops, does McDonald earn an accounting profit? Does he earn economic profit?

 
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Farmer John entered into a contract with Farmer Bill to purchase Farmer John’s cow Bessie. They both thought Bessie was barren so they agreed on a price below market value. The day before Farmer Bill picked up Bessie, it was determined that Bessie was pregnant. Using IRAC determine if Farmer John void the contract under mutual mistake.

 
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Farmer Joe and Jeff are chugging along up a hill with a truck full of chickens. As the hill gets steeper the trucks goes slower and slower until it can no longer climb the hill. They decide that to get up over this hill, one of them should scare the chickens so that they fly up a bit (chickens don’t fly high, only a foot or 2), take some weight off the truck, and then drive up a little until they land again. They will repeat this until they’ve gone over the hill. Can this work? Why or why not?

 
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From the perspective of great plain farmer and landowner, should President Roosevelt be elected for a third term (first president and only president to serve more than two terms)? Why ? What did he do to make him deserve or not deserve to be elected for a third term

 
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Clear description of alternative with explanation of financial statement effects with General entry. List GAAP that are relevant

Fashions & LE IS an Upscale Teller that offers high – End fashion products andExcellent customer service to its affluent customers . Fashions RU’s normally*operates as an anchor tenant in major shopping malls . Due In Fashions R L“unprecedented success in attracting customer traffic to malls in which it locates .Landlords often offer favorable lease terms and other benefits to attract Fashions & LISto a particular location . Fashions RU’s is considering expanding into Ligotham City*Donald Trump*& Sons, a Successful Gotham City landlord , has put together anattractive package designed to entice Fashions & L’s In locate it’s Gintham City store inTrump & Sons’s new mid – town mall . The terms of the deal are as follows :`Fashions R Us receives title to the shell of’ " building and land from Trump #`Song . The fair value of this property is $15 million .Fashions R. U’s receives $2’S million from Trump*& Sons to partially offset theremaining build – out costs of $30 million .#Fashions & L’s is not responsible for paying fell .As there are no rent payments , a formal lease does not exist . There is, however .an Operating agreeingn’t that specifics (among other things ; that Fashions RX Us`will operate the location is a typical Fashions & L’s store , under the Fashions RX.U’s name with minimum Square footage and minimum store hours for a period of"at least 20 years .Fashions RL’s retains title to the building after the operating agreement expires .If Fashions R. U’s break’s the operating agreement , Trong & Sons has an option torepurchase Fashions A LIE’s real Estate interest for fair market value less theunamortized cost of the $ 25 million cash incentive.After examining the terms of the agreement offered “ Trump & Sons , Fashions R Usmanagement has agreed to locate its new "inthan City store in Trump & Sons" & mid -town mall .Required .How should Fashions { L’s account for the proposed agreement with DonaldTrump & Sons!

 
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