ACCT 567 Experience Tradition/newtonhelp.com

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ACCT 567 Experience Tradition/newtonhelp.com
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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Entire Course (Keller)
• For more course tutorials visit
• www.newtonhelp.com
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• ACCT 567 Week 1 Exercises
• ACCT 567 Week 2 Case Study I
• ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10
• ACCT 567 Week 3 Problems 5-3 and 6-5
• ACCT 567 Week 4 Midterm Exam
• ACCT 567 Week 4 Problems 7-3 and 7-8

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 1 Exercises (Keller)
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• From the textbook, complete the following
  problems.
• Chapter 1 Exercise 13 Chapter 2 Exercises 23
  and 25 

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 2 Case Study I (Keller)
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• www.newtonhelp.com
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• ACCT567 Case Study I (Week 2)
• The General Fund of Middleville has presented you
  with the following trial balance as of June 30,
  2011.
• Debits Credits
• Cash 40,000

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10
  (Keller)
• For more course tutorials visit
• www.newtonhelp.com
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• From the textbook, complete the following
  problems.
• Problems 3-9 and 4-4, 4-6, 4-10 

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 3 Problems 5-3 and 6-5 (Keller)
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• Make all necessary entries in the appropriate
  governmental fund general journal and the
  government-wide governmental activities general
  journal for each of the following transactions
  entered into by the City of Fordache.
• 1. The city received a donation of land that is
  to be used by Parks and Recreation for a park. At
  the time of the donation, the land had a fair
  value of 5,200,000 and was recorded on the
  donors books at a historical cost of 4,500,000.

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 3 Test All Questions and Answers
• For more course tutorials visit
• www.newtonhelp.com
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• ACCT 567 Week 3 Test All Questions and Answers  
              

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 4 Midterm Exam (Keller)
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• 1. (TCOs A and B) Fiduciary funds are to use
  which of the following measurement and basis of
  accounting? (Points 5)
• Economic resource measurement focus and accrual
  basis of accounting.Current financial resources
  measurement focus and accrual basis of
  accounting.Economic resources measurement focus
  and modified accrual basis of accounting.None of
  the above, the fiduciary funds have no revenues.

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 4 Problems 7-3 and 7-8 (Keller)
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• During the fiscal year ended September 30, 2011,
  the following transactions (summarized) occurred
• 1. Employees were paid 290,000 wages in cash
  additional wages of 43,500 were withheld for
  federal income and social security taxes. The
  employers share of social security taxes
  amounted to 23,375.
• 2. Cash remitted to the federal government during
  the year for withholding taxes and social
  security taxes amounted to 65,500.

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 5 Case Study City of Shipley
  (Keller)
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• The City of Shipley maintains an Employee
  Retirement Fund a single-employer, defined
  benefit plan that provides annuity and disability
  benefits. The fund is financed by a process that
  makes actuarially determined contributions from
  the citys General Fund and by contributions that
  are made by the employees. The General Fund is
  handling the administration of the retirement
  fund and it does not have any administrative
  expenses. The Statement of Net Assets for the
  Employees Retirement Fund as of July 1, 2011 is
  shown below

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 5 Homework Case study (Keller)
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• Case 8 - 1
• a. When was CalPERS established?
• b. What types of employers contribute to
  CalPERS?\
• c. How many individuals are served by CalPERS?
• d. How many and what types of funds are
  administered by CalPERS?

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 5 Problems 8-4 and 9-4 (Keller)
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• The county collector of Lincoln County is
  responsible for collecting all property taxes
  levied by funds and governments within the
  boundaries of the county. To reimburse the county
  for estimated administrative expenses of
  operating the tax agency fund, the agency fund
  deducts 1 percent from the collections for the
  town, the school district, and the townships. The
  total amount deducted is added to the collections
  for the county and remitted to the Lincoln County
  General Fund.

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 5 Test All Questions and Answers
  (Keller)
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• 1.
• Question
• (TCO F) Any activities that produce goods or
  services to be provided to other departments or
  other governmental units would be reported in
  which fund?
• Enterprise Fund
• Internal Service Fund
• Advance Fund

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 6 Problem 12-4 (Keller)
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• Quad-States Community Service Agency expended
  federal awards during the most recent fiscal year
  in the following amounts for the programs shown
• Additional information indicates that Programs 4
  and 10 were audited as major programs in each of
  the two preceding fiscal years, with no audit
  findings reported.

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 7 Problems 16-3 and 17-6 (Keller)
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• Elizabeth College, a small private college, had
  the following transactions in fiscal year 2011.
• 1. Billings for tuition and fees totaled
  5,600,000. Tuition waivers and scholarships of
  61,500 were granted. Students received tuition
  refunds of 101,670.
• 2. During the year the college received
  1,891,000 cash in unrestricted private gifts,
  575,200 cash in temporarily restricted grants,
  and 1,000,000 in securities for an endowment.

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ACCT 567 Experience Tradition/newtonhelp.com

• ACCT 567 Week 8 Final Exam (Keller)
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• 1. (TCO A) On what should the government-wide
  financial statements report? (Points 5)
• Net position and results of the financial
  operations of the government as a
  whole.Budgetary ComplianceThe cost of
  government servicesFiscal accountability

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ACCT 567 Experience Tradition/newtonhelp.com