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Government And Non Profit Accounting

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Subject

Accounting

School

Saudi electronic university

Course

acct 321

Type

Homework

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xbune844

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College of Administrative and Financial Sciences

Assignment II

Deadline: (end of week 6) 21 /03/ 2020 @ 23:59

Course Name: Government and Non-

Profit Accounting

Student’s Name:

Course Code: ACCT 321

Student’s ID Number:

Semester: 2

CRN:

Academic Year: 1440/1441 H

For Instructor’s Use only

Instructor’s Name:

Students’ Grade: …… /5

Level of Marks: High/Middle/Low

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Question 1

a. True

b. True

Question 2

a. Additions: Investment and donation in marketable securities-$600,000

b. Additions: Dividends from investment earnings-$15,000

c. Deductions: Cash value of awards to graduates $20,000

d. Deductions: marketable securities; net decrease in fair value $600,000-$590,000=$10,000

Statement of Changes in Fiduciary Net Position for 2013

Additions

Cash in Dollars ($)

Donation

600,000

Earnings from investment

Income from dividends

15,000

Net decrease in fair value

-10,000

Net earnings

5,000

Additions Total

605,000

Deductions

Awards Cash

-20,000

Net position in January

Change by December 2013

585,000

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College of Administrative and Financial Sciences Assignment II Deadline: (end of week 6) 21 /03/ 2020 @ 23:59 Course Name: Government and NonProfit Accounting Student’s Name: Course Code: ACCT 321 Student’s ID Number: Semester: 2 CRN: Academic Year: 1440/1441 H For Instructor’s Use only Instructor’s Name: Students’ Grade: …… /5 Level of Marks: High/Middle/Low Question 1 a. True b. True Question 2 a. Additions: Investment and donation in marketable securities-$600,000 b. Additions: Dividends from investment earnings-$15,000 c. Deductions: Cash value of awards to graduates $20,000 d. Deductions: marketable securities; net decrease in fair value $600,000-$590,000=$10,000 Statement of Changes in Fiduciary Net Position for 2013 Cash in Dollars ($) Additions Donation 600,000 Earnings from investment Income from dividends 15,000 Net decrease in fair value -10,000 Net earnings Additions Total 5,000 605,000 Deductions Awards Cash -20,000 Net position in January 0 Change by December 2013 585,000 Question 3 Hebert County Government Balance Sheet for 2013 General Debt Service Capital projects Fund ($) Fund ($) Fund ($) Totals ($) Particulars Assets Ca ...
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