It is quite clear that Jean-Baptiste Colbert, Louis XIV’s chief accountant, was instrumental in bringing back the financial glory of France after the Fronde (1648 - 1653). Colbert had instituted a clear and complete accounting structure for Louis that provided Louis with the financial information he needed to run his kingdom - including pocket size account books. Upon Colbert’s sudden death in 1683, however, Louis chose not to replace Colbert or continue this formal accounting function. Why was this the case and what were the implications for Louis and for France?

Salvador county issued $25 million of 5% demand bonds for construction of a county maintenance building. the county has no take-out agreement related to the bonds. it estimates that 20% of the bonds would be demanded (called) by the buyers if interest rates increased at least 1%. at year-end rates on comparable debt were 7%. how should these demand bonds be reported in the government-wide financial statements at year-end? a) $25 million in the long-term liability section of the governmental activities column. b) $5 million in the current liability section of the governmental activities column and $20 million in the long-term liabilities section of the governmental activities column. c) $5 million in the governmental activities column and $20 million would be reported in the schedule of changes in long-term debt obligations. d) $25 million in the current liability section of the governmental activities column

As manager of kids skids, meghan wants to develop her relationship management skills. in order to do this, she learns how to

Financial information that is capable of making a difference in a decision is