In what way must a government account for premium revenue differently if it accounts for self-insurance in
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 47% (17 reviews)
If the government accounts for its selfinsurance in an internal service fund then t...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
Question Posted:
Students also viewed these Accounting questions
-
An Internal Service Fund was established 10 years ago through the sale of 20-year bonds. What disposition should be made of the assets of the fund if it is dissolved?
-
A city maintains an internal service fund to account for a maintenance department. The department provides services to all city departments, which-with one exception are accounted for in the city's...
-
An Internal Service Fund established by a county is intended to operate on a breakeven basis. How might a government dispose of increases or decreases in net position remaining at year end?
-
CPA firm brings in a yoga instructor during the tax busy season to help relieve stress of the employees. Which is true about the CPA firm's ability to take a deduction for the yoga instructor's...
-
A time series plot similar to the one shown next appeared in a recent advertisement for a well-known golf magazine. One person might interpret the plot's message as the longer you subscribe to the...
-
When using present worth to evaluate the attractiveness of a single investment alternative, what value is the calculated PW compared to? a. 0.0 b. MARR c. 1.0 d. WACC
-
If you reach for a sweetened carbonated beverage, do you refer to it as soda, pop, coke, or a soft drink? Different regions of the United States use different terms, as shown in this heat map:...
-
An XYZ April 2041 bond with a 5.5 percent coupon interest rate and a par value of $1,000 recently had a price of 95.625. Calculate the following: a. When will the bond mature? b. How much would you...
-
Suppose that next year you observe a higher equilibrium price but note that the equilibrium quantity of bagels sold is unchanged. What changes to the price of a donut and the price of flour could...
-
0 Project Requirements 1. Opening balances- The opening balances for select accounts are provided in the appropriate ledger accounts. 2. Record the following transactions in the journal and post to...
-
What is a service concession arrangement? Why do governments enter into these agreements?
-
In government-wide statements, enterprise funds are reported differently than are internal service funds. Explain why and justify.
-
Diane Buswell is preparing the 2016 budget for one of Current Designs' rotomoulded kayaks. Extensive meetings with members of the sales department and executive team have resulted in the following...
-
Trace a walkthrough of: a. Linear search for 7 in b. Binary search for 8 in c. Binary search for 8 in -7 1 3 3 4 7 11 13 -7 2 2 3 4 7 8 11 13 -7 1 2 3 5 7 10 13
-
Use the general merge method of the preceding exercise to implement the following sort algorithm. Find all non-descending subsequences of an array (that is, sequences such that a[i] a[i + 1] ... a[i...
-
Implement a general merge method that can merge any number of sorted subsequences. The method gets an ArrayList with the sorted sequences that should be merged.
-
Outline Speak digital marketing objectives for your organization.
-
Give an example of situated knowledges in a specific context.
-
What are the arguments of strict constructionists and advocates of originalism?
-
When a company has a contract involving multiple performance obligations, how must the company recognize revenue?
-
Cottage Industries Ltd expects to sell 500 baskets a month. The business has the opportunity to rent a basket-making machine. Doing so would increase the total fixed cost of operating the workshop...
-
What differences are there between the trial balance before closing and the trial balance after closing with respect to the following accounts? (a) Accounts Payable. (b) Expense accounts. (c) Revenue...
-
What differences are there between the trial balance before closing and the trial balance after closing with respect to the following accounts? (a) Accounts Payable. (b) Expense accounts. (c) Revenue...
-
What differences are there between the trial balance before closing and the trial balance after closing with respect to the following accounts? (a) Accounts Payable. (b) Expense accounts. (c) Revenue...
-
Use the natural rate property of our Phillips curve to explain why the unemployment rate cannot be below the natural rate year after year.
-
Fly With Me Airlines has a rotating schedule of planned overhauls of its aircraft. A major overhaul of the aircraft fleet is performed every five years and costs $560000 per aircraft. Fly With Me has...
-
International Accounting (20 marks) Gary Braun and Ramon Rodrigues examined 42 countries for evidence that Gray's (1988) accounting values can be used to explain the level of adoption of IFRS over...
Study smarter with the SolutionInn App