Get professional solution for assignment help,homework help,easy writing help,and Thesis Writing for all Universities in USA,UK,and Australia.

1. Davenport-University ACCT-625
Discussion
Get help for Davenport-University ACCT-625. We provide assignment, homework, discussions and
case studies help for all subject AlliedAmericanUniversity for Session 2015-2016
ACC 625 Week 13
Week13 question
Please alsoshowyourworkforany computationsinthe multiple-choice questionsorthe problems.
1. Fair value accountingisrequiredforinvestmentsin:
a. External investmentpools
b. Open-endmutualfunds
c. Bondsand otherdebtsecurities
d. All of the above
2. Pacheco Cityissued$20 millionof bondsatpar. The city loanedthe proceedstoSharpe Cheese
Processorstoexpandthe size of itsfacility,whichwouldallow Sharpe tohire additional workers.The

2. loanpaymentsfromSharpe to the cityare establishedtomatchthe principal andinterestpaymentson
the bondissue.The bondsare payable exclusivelyfromthe loanrepaymentsbySharpe.The bondsare
securedbythe additional plantfacilitiesbuiltbySharpe.Where shouldthe cityreportthe bondsinits
annual financial report?
a. In the government-wide financialstatements.
b. Inthe notestothe financial statements.
c. In the proprietaryfundfinancial statements.
d. Inany of the above ways.
3. The followingtransactionswereamong those reportedbyMorrisCity’swaterutilityenterprise fund
for the currentyear: Proceedsfromsalesof revenuebonds - $3,900,000; Cash receivedfromcustomer
households - $1,600,000; andCapital contributedbysubdivisions - $700,000. Inthe waterutility
enterprise fund’sstatementof cashflowsforthe currentyear,what amountshouldbe reportedascash
flowsfromcapital andrelatedfinancingactivities?
a. $3,900,000
b. $6,200,000
c. $5,500,000
d. $4,600,000

3. 4. Lomond Cityreceivesafederal granttoassistinnutritionprogramsforitsseniorcitizens.The citywill
selectthe contractorsthat will provide mealsandapprove the participantsinthe program.The proceeds
of thisgrant shouldbe accountedforinwhichof the followingfundsof the city?
a. A governmental fund.
b. Anenterprise fund.
c. An agencyfund.
d. A private-purposetrustfund.
5. The MidwestCirculatoryDiseasesSocietyplacedanadvertisementinprominentpublicationsinthe
region.The advertisementprovidedinformationaboutsymptomsof the diseasesandofferedpractical
advice forcontrollingtheirimmediateeffects.The society’saccountantsestimate thatabout75 percent
of the advertisingcopywasdevotedtoinformationaboutthe disease andthe remainderwasan appeal
for funds.The advertisementcost$20,000. Usingthe physical unit’smethodof separatingjointcosts,
howmuch of the cost of the advertisementshouldbe reportedasprogramcosts?
a. $20,000.
b. $15,000.
c. $10,000.
d. $5,000.

4. http://www.justquestionanswer.com/viewanswer_detail/ACC-625-Week-13-Week-13-question-Please-
also-show-your-w-41325
ACCT 625 - Case II
Write two shortresponses(nomore than2 pagesdouble-spacedforeach,meaningnomore thanfour
pagesintotal) to the followingtwoitems:
a. PopularReports.
You have justbeenhiredasan accountant fora large metropolitancityinthe easternpartof the
country.Your firstassignmentistoassistthe finance directorinthe preparationof a“popularreport.”
The city has longbeenconcernedwiththe difficultythatmostcitizenshave inunderstandingits
comprehensive annual financialreport.The finance directortellsyouthatshe saw HillsboroughCounty,
Florida’spopularreportata conference andwasquite impressed.
Obtaina copy of HillsboroughCounty’spopularreportbygoingtowww.hillsclerk.com(Hint:Clickon
Clerksinthe Sunshine,Financial Reports—County,andFinancial SummaryReport.) Also,trytoobtain
popularreportsof otherlocal governmentsbyusinganInternetsearchengine.Evaluate the usefulness
of the popularreportsyouare able toobtainfromthe perspectiveof acitizen.Inparticular,focuson
financial accountinginformation.Doyouhave adequate informationtodetermine whetherthe
governmenthasa strongfinancial positionandcondition?Doesthe governmentreportanynonfinancial
information?
b. Service Potential of the CAFR.
First,specifythe mostimportantinformationneedsthatagovernmental annual reportshouldfulfill for
each of the following:

5. 1. Administrators.
2. Membersof the legislative branch.
3. Interestedresidents.
4. Creditorsor potential creditors.
Second,indicate inwhatwaysdoesanyCAFRyou have analyzedmeetthe informationneedsyouhave
specifiedforeachof the four groups,assumingthatmembersof eachgroupmake an effortto
understandreportsequivalenttothe effort youhave made?Inwhatway doesthe reportfail to meet
the informationneedsof eachof the four groups?
http://www.justquestionanswer.com/viewanswer_detail/ACCT-625-Case-II-Write-two-short-responses-
no-more-tha-41326