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Read More »Subsequent Events your firm has been engaged to examine the Subsequent Events your firm has been engaged to examine the financial statements of Alma den Corporation for the year 2010. The bookkeeper who maintains the financial records has prepared all the unaudited financial statements for the corporation since its organization on January 2, 2005. The […]
Read More »The City of Sandwich purchased a swimming pool from a April 1, 2012, for $500,000. Of the $500,000, $250,000 was provided by a one-time contribution from the General Fund, and $250,000 was provided by a loan from the First National Bank, secured by a note. The loan has an annual interest rate 6 percent, payable […]
Read More »On July 1, 2011, the Morgan County School District received $30,000 gift from a local civic organization with the stipulation that, on June 30 of each year, $2,000 plus any interest earnings on the unspent principal be awarded as a college scholarship to the high school graduate with the highest academic average. A private-purpose trust […]
Read More »Benton County maintains a tax agency fund for use by Treasurer to record receivables, collections, and disbursements of all property tax collections to all other units of government in the county. For FY 2011–2012, the following taxes were assessed: Benton County General Fund …….. $10,500,000 Town of Thomas …………………….. 7,400,000 Town of Hart ……………………….. 3,200,000 […]
Read More »On July 1, 2011, the City of Belvedere accepted a On July 1, 2011, the City of Belvedere accepted a gift of cash in the amount of $3,000,000 from a number of individuals and foundations and signed an agreement to establish a private-purpose trust. The $3,000,000 and any additional gifts are to be invested and […]
Read More »On January 1, 2012, the first day of its fiscal the City of Carter received notification that a federal grant in the amount of $650,000 was approved. The grant was restricted for the payment of wages to teenagers for summer employment. The terms of the grant permitted reimbursement only after qualified expenditures have been made; […]
Read More »Beachfront property owners of the Village of Eden requested a seawall be constructed to protect their beach. The seawall was financed through a note payable, which was to be repaid from taxes raised through a special assessment on their properties. The Village guarantees the debt and accounts for the special assessment through a debt service […]
Read More »In December 2011, the Hamilton County Board of Commissioners es In December 2011, the Hamilton County Board of Commissioners established the Hamilton County OPEB Trust Fund. Retired employees of Hamilton County can participate in post-employment benefits through the Trust. The Trust is a single-employer defined benefit plan. The benefits provided are health insurance and life […]
Read More »summary financial inf financial information about public companies, such as stock quotes, recent financial filings with the Securities and Exchange Commission, and recent news stories. Go to Yahoo.com’s financial Web site (http://finance.yahoo.com/) and enter Apple, Inc.’s stock symbol, AAPL. Answer the following questions concerning Apple, Inc. by clicking on the various items under the tab […]
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