ACT 3050 Lecture Notes - Lecture 6: Fiduciary, Fixed Asset, Inventory Turnover
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Net credit sales / avg net acc receivable then you divide 365 by that number. 1)balance sheet and 2) statement of revenues, expenditures, and changes in fund balance. 1)statement of net postition2)statement of revenues, expenditures, and changes in net position3)statement of cash flows. 1)statement of net position2)statement of changes in fiduciary net positiion. What are the 3 sections of the cafr: introductory2) financial3) statistical. Cash dividends received and increases in the fair value of the investment are recognized in net income from the investment. The portion of the company"s net income is not recognized in net income from the investment. If the prize is an annual ,000 payment for 20 years and the company takes out an annuity of ,250 after making the initial ,000 payment, the contest prize expense in the current year is ,250. The ending balance of the asset retirement obligation should be the:
