What is meant by the terms deferred outflows of resources and deferred inflows of r e sources

Question:

What is meant by the terms deferred outflows of resources and deferred inflows of r e sources ? When are these accounts used?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078025822

17th edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson

See More Books

Question Posted: Oct 24, 2016 04:47 AM

See More Questions

What is meant by the terms depreciation and accumulated depreciation?
What is meant by the terms research and development?
What is meant by the terms margin and turnover in ROI calculations?
Lets assume the client in the fact pattern in this weeks discussion board did not want to purchase the mothers house (in other words, forget about only those facts) and now has been appointed as the...
If interest rates are expected to increase, should investors look to long-term bonds or short-term securities? Explain.
a. Create a spreadsheet describing Amazon's output and pricing choices with respect to the Kindle e-reader. (Use the template from Problem S1 with price equation: P = 294 35Q and MC = $126.) Use...
Complete a simulation of the entire process for the hydrodealkylation of toluene in Figure 6.14. Initially, let the purge/recycle ratio be 0.25 ; then, vary this ratio and determine its effect on the...
Net sales for the year were $900,000 and cost of goods sold was $558,000 for the company's existing products. A new product is presently under development and will have an expected selling price of...
A concave spherical mirror has a focal length of 6.00 cm. If an object is placed at a distance of 24.0 cm from the mirror, calculate the image distance and characteristics of the image including...
Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: Employee Number Name and Address Payroll information...
What is the primary reason that governmental entities need to use funds for financial r e porting? How are funds established?
How do expenses and expenditures differ?
In Prob.7, compute C (a) If you solve the first equation for x1, the second for x2, the third for x3, proving convergence; (b) If you non-sensically solve the third equation for x1, the first for x2...
Shari has a gross estate of $1,000,000. Her funeral costs are $6,000. She leaves $10,000 to her church and $4,000 to her college. She has a home mortgage for $60,000 and miscellaneous debts of...
1: What is the value of a 10-year, $1,000 par value bond with a 10% annual coupon if its required rate of return is 10%? 2: what would be the value of above if the inflation rate rose by 3...
Based on the data in the tables what formulas use to calculate the revenue and profit variances for YTD budget, actual OP revenue, revenue variances and YTD budget profit, actual OP profit, and...
1. You want to buy a house that costs $209,215. The bank requires that you have a 10% down payment. You have $13,193 today. If you put that money in a bank that offers 8.4% annual interest today, how...
A combustion chamber is sometimes designed to keep pressure constant along its length. This is done by varying cross-sectional area as heat is added. For a case where the heat added per mass of the...
AOD is a sector of a circle, centre O, radius 4 cm. BOC is a sector of a circle, centre O, radius 10 cm. The shaded region has a perimeter of 18 cm. Find a. Angle AOD, in radians b. The area of the...
Why is homeostasis defined as the "relative constancy of the internal environments? Does negative feedback or positive feedback tend to promote homeostasis?
What are the three components of net position provided by the GASB? Describe how a government assigns amounts to the classifications.
What is the nature of enterprise fund restricted assets? Provide examples of items that might be reported in the Restricted Assets section of an enterprise fund statement of net position.
The Lets Read organization is a public charity under IRC section 501(c)(3). It had total support of the following: Of the $261,000 received from individuals, $240,000 came from four contributors,...
1. Write a Java program that will prompt the user for a number and print out a square with those dimensions. For example, if the user enters 5, return the following: * * * ** ** * * * * * * * * * * *...
2. Vector multiplication or dot product is performed by multiplying corresponding elements and summing the products. It can be represented mathematically as oa; *bi where a and b are vectors of...
The following data was collected from an experiment testing the hypothesis: The density of cream whipped for 5 minutes increases at higher altitudes. What would be an acceptable interpretation of...

What is meant by the terms deferred outflows of resources and deferred inflows of r e sources

Question:

Step by Step Answer:

Deferred outflows of resources are resources that have be...View the full answer

Accounting for Governmental and Nonprofit Entities

Students also viewed these Accounting questions