Capital Grants Restricted for Highway Construction

November 24, 2022

Capital Grants Restricted for Highway Construction

Order Number	636738393092
Type of Project	ESSAY
Writer Level	PHD VERIFIED
Format	APA
Academic Sources	10
Page Count	3-12 PAGES

Instructions/Descriptions

Capital Grants Restricted for Highway Construction

[Order Now]

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.

[Order Now]

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

Capital Grants Restricted for Highway Construction

RUBRIC

Excellent Quality

95-100%

Introduction

45-41 points

The context and relevance of the issue, as well as a clear description of the study aim, are presented. The history of searches is discussed.

Literature Support

91-84 points

The context and relevance of the issue, as well as a clear description of the study aim, are presented. The history of searches is discussed.

Methodology

58-53 points

With titles for each slide as well as bulleted sections to group relevant information as required, the content is well-organized. Excellent use of typeface, color, images, effects, and so on to improve readability and presenting content. The minimum length criterion of 10 slides/pages is reached.

Average Score

50-85%

40-38 points

More depth/information is required for the context and importance, otherwise the study detail will be unclear. There is no search history information supplied.

83-76 points

There is a review of important theoretical literature, however there is limited integration of research into problem-related ideas. The review is just partly focused and arranged. There is research that both supports and opposes. A summary of the material given is provided. The conclusion may or may not include a biblical integration.

52-49 points

The content is somewhat ordered, but there is no discernible organization. The use of typeface, color, graphics, effects, and so on may sometimes distract from the presenting substance. It is possible that the length criteria will not be reached.

Poor Quality

0-45%

37-1 points

The context and/or importance are lacking. There is no search history information supplied.

75-1 points

There has been an examination of relevant theoretical literature, but still no research concerning problem-related concepts has been synthesized. The review is just somewhat focused and organized. The provided overview of content does not include any supporting or opposing research. The conclusion has no scriptural references.

48-1 points

There is no logical or apparent organizational structure. There is no discernible logical sequence. The use of typeface, color, graphics, effects, and so on often detracts from the presenting substance. It is possible that the length criteria will not be reached.