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Do the following, attached the link to login for the book and the ACFR LINK TOo :Chapter 9 Exercise 9-2. Continuing Problem (questions 1 through 8). Use the ACFR assigned by your professor, which you...

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Do the following, attached the link to login for the book and the ACFR LINK TOo :

Chapter 9



  • Exercise 9-2.

  • Continuing Problem (questions 1 through 8). Use the ACFR assigned by your professor, which you downloaded in Week 1.


Chapter 10



  • Exercise 10-3.

  • Continuing Problem (questions 1 through 10). Use the ACFR assigned by your professor, which you downloaded in Week 1.

  • Problem 10-9.

Open the web ebook- Government and Not-for-Profit Accounting: Concepts and Practices, Enhanced eText-https://strayer.vitalsource.com/reader/books/ XXXXXXXXXX/epubcfi/6/4[%3Bvnd.vst.idref%3DAnavigation]!/4- login - - username XXXXXXXXXX and password - Jeannemarie75@. Please download the 2023 Annual Comprehensive Financial Report for the Town of Cary, North Carolina. I have picked the Town of Cary because their population is over 100,000 and it is not excessively large, so the ACFR is a reasonable size. LINK HERE -https://www.carync.gov/home/showpublisheddocument/31907/638374880796730000Links
Answered 2 days After Jul 24, 2024

Solution

Prince answered on Jul 27 2024
9 Votes
ACC410 - Government and Not-for-Profit Accounting
Week 6 Homework Submission Sheet
Name: ___________________________________
    Homework Due
    Points Possible
    Points Received
    Exercise 9-2
    4
    
    Continuing
    8
    
    Exercise 10-3
    4
    
    Continuing
    8
    
    Problem 10-9
    8
    
Chapter 9:
Exercise 9-2 (Questions 1 through 10), textbook pages 415–416.
(Enter the letters a, b, c, or d next to the question number.)
1. c
2. a
3. a
4.
5. d
6. a
7.
8. c
9.
10.
Continuing Problem (Questions 1 through 8), textbook page 418. ACFR assigned by your professor is used for these questions.
(Enter the answer to the question in the blanks provided.)
1. Activities accounted for in both internal service funds and major enterprise funds: Governmental and business-related activities are reported on the CAFR for both the internal service funds and the main enterprise funds. The lottery and unemployment are the two activities that are recorded in a general fund.
Could any of these activities have been accounted for in a general or other governmental fund?
The government provides funding for the following areas: education and labor; natural resources and environmental management; judicial and public safety; health and children services; and education.
2. How are the internal service fund activities reported in the government-wide state of net position? As Liabilities
How are the internal service fund activities reported in the proprietary funds statement of net position? As Liabilities _
3. Did any of the internal service funds report significant operating surpluses or deficits for the year? Yes or No: Yes
    Were any accumulated significant net asset balances over the years not invested in capital assets? Yes or No: Yes
4.     Were any of the town’s enterprise funds “profitable” during the year? Yes or No: NO
     If so, what has the town done with the “earnings”?
     NA
     Has the town transfe
ed them to the general fund? Yes or No: No
5.     Does the town have revenue bonds outstanding that are related to business-type activities? Yes or No: Yes
    If so, for what activities? Business Related activities
6.    Does the town’s ACFR include a statement of cash flows for proprietary funds? Yes or No: Yes
    Is the statement a direct or indirect...
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