Access the governmental accounting standards board website at . findthe gasb white paper on "why governmental accounting and financial reporting is—and should be—different." there are numerous differences between governments andfor-profits in the accounting and reporting of financial transactions. two accounting andreporting differences between governments and for-profit organizations relate to capitalassets and major revenue sources. using the information in the white paper and yourknowledge from your financial accounting courses (refer to a financial accountingtextbook or the fasb website [] if you need a refresher), discuss whythere are accounting and reporting differences related to capital assets and theorganizations' major revenue sources (sales and property tax revenues).the governmental accounting standards board published a document titled whygovernmental accounting and financial reporting is—and should be— different havethree key points: 1. the differences between for-profit business enterprises andgovernments require separate accounting and financial reporting standards; 2.

What is the equity method balance in the investment in lindman account at the end of 2018?

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration