Capital Grants Restricted for Highway Construction
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Capital Grants Restricted for Highway Construction
Please show work and formulas so it can help me understand everything.
Assignment # 1
Submit your responses to the following questions in a 1-2-page summary MSWord document. Label each question clearly. For computations done in an Excel spreadsheet, please copy and paste your work into your MSWord document. For written answers, please make sure your responses are well written, use APA formatting, and have the proper citation, if needed.
Amber City borrowed $1,000,000 secured by a 5-year mortgage note. The cash from the note was used to purchase a building for vehicle and equipment maintenance. Show how these two transactions should be recorded in the General Fund and governmental activities general journals.
Indicate whether the following revenues would most likely be classified as program revenues or general revenues on the government-wide statement of activities.
Unrestricted operating grants that can be used at the discretion of the city council.
Capital grants restricted for highway construction.
Charges for building inspections.
A special assessment for snow removal.
Fines and forfeits.
Motor vehicle fuel taxes restricted for road repair.
Unrestricted investment earnings.
Assignment # 2
Please use this template for the assignment below:
APPLICABLE 2013 Taxable Income Adjustments OR Preferences AMTI AFFECTS Line Item “I” OR “D” OR “N”
“A” OR “P” OR “N” “P” OR “N” OR “E” Life ins. proceeds – CFO’s death Revenue from sales Key-person life ins. premium Utilities cost Employee benefits expenses Intangible drilling costs Mining exploration and development costs Interest income on qualified private activity tax-exempt bonds Interest paid on loan to purchase tax exempt bonds Alternative Minimum NOL Deduction Rental income received & earned in 2013 Rental income received but not earned in 2013 Overhead cost – Expensed in 2013 Overhead cost – Expensed in 2012 Charitable contributions
Tarass Inc. is an accrual-method calendar-year corporation. Tarass, Inc. did not qualify for the domestic production activities deduction. The following information has been provided about the activities occurring in 2013:
Life insurance proceeds from CFO’s death $100,000 Revenue from sales $3,500,000 Key person life insurance premium $6,800 Utilities cost $275,000 Employee benefits expense $65,000 Intangible drilling costs $40,000 Mining exploration and development costs $60,000 Interest income on qualified private activity, tax-exempt bonds $25,000 Interest paid on loan to purchase tax-exempt bonds $25,000 Alternative Minimum NOL Deduction $35,000 Rental income received and earned in 2013 $5,000 Rental income received but not earned in 201 $10,000 Overhead costs : Expensed in 2013 $5,000 Overhead costs expensed for financial reporting in 2012 $10,000 Charitable contributions $315,000 Using Excel, prepare a reconciliation. Set up the Excel spreadsheet using the example below:
Line Item *a
2013 Taxable Income *b:
“I” OR” “D“
OR ”N”Adjustments OR Preferences
*c:AMTI EFFECTS
*d:
Positive(P)
Negative (N)
Either (E)Adjustments (A)
Neither(N)Preferences (P)
NOTE *a: Line Item is each activity recorded for Tarass in 2013.
NOTE *b: “2013 Taxable Income” refers to if the line item would increase, decrease, or have no effect on Tarass’s book income under GAAP. Put an “I” if the line item would increase 2013 taxable income OR “D” if the item would decrease 2013 taxable income OR “N” if the line item would neither increase nor decrease 2013 taxable income.
NOTE *c: “Adjustments OR Preferences” refers to if the line item is an adjustment or a preference. Please place an “A” if the line item is an adjustments OR a “P” if the line item is a preference OR an “N” if the line item is neither an adjustment nor a preference.
NOTE *d: “AMTI Effects” refers to if the line item would have a positive, negative, or no effect on the Alternative Minimum Taxable Income. Please place a (P) for a positive affect OR (N) for a negative effect OR an (E) if the line item could have either a positive or negative effect. If the line item is not applicable to AMTI, leave the block blank.
NOTE: The student might want to consult with the IRS website, downloading the instructions for Form 4626 @ http://www.irs.gov/pub/irs-pdf/i4626.pdf. Form 4626 can be downloaded @ http://www.irs.gov/pub/irs-pdf/f4626.pdf
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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