Speculate as to why GASB Statement No. 34 changed the reporting requirements for internal service funds. Do you agree or disagree? Explain.
Answer to relevant QuestionsCompare and contrast proprietary fund reporting under GASB No.34 with GAAP financial reporting for non-governmental entities. Examine why GASB requires the direct method for cash flow statements in the proprietary funds ...The accompanying data are the times (in seconds) that it took a sample of employees to assemble a toy truck at a Cole Industries assembly plant. Assembly times are normally distributed. At the 10% level, can we conclude that ...Suppose Bob considers borrowing $100 from Sheila at a 10 percent interest rate. They both think that a 4 percent real interest rate would be fair. nominal rate= real rate + inflationa. What was the inflation rate they both ...What is ethnic consciousness? Describe the changing face of ethnicity and current ethnic issues. What do your authors write about the future of racial and ethnic diversity?The X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,000 of item X, which costs $25 each. Storage costs, which include insurance and cost of ...
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