Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 1999
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In our eReader you can find the full English version of the book. Read Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 1999 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 1999
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To quickly assess the difficulty of the text, read a short excerpt:
Prizes - Prize expense is recognized based on a predetermined prize structure for each instant ticket and on-line game. Free tickets are recorded as a reduction in revenue and not as prize expense.
intangible Assets - Intangible assets consists of the following; Software represents the amortized cost of software purchased in 1999. This software had an original cost of $1,150,000 and is being amortized over seven years.
Other intangibles represents the per ticket cost paid to Autotote Lottery Co...rporation for advance on-line ticket sales. These ticket sales, also referred to as deferred revenue, represent tickets sold prior to June 30, 1999 and 1998 for drawings held subsequent to year-end.
Fixed Assets - Fixed assets are recorded at cost. Donated fixed assets are recorded at their estimated fair market value at the date of donation. Ordinary maintenance and repairs are charged to operations as incurred; major renewals and betterments are capitalized. Upon disposition or retirement of fixed assets, the cost and related accumulated depreciation or amortization is removed from the accounts.
What to read after Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 1999?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Prizes - Prize expense is recognized based on a predetermined prize structure for each instant ticket and on-line game. Free tickets are recorded as a reduction in revenue and not as prize expense.
intangible Assets - Intangible assets consists of the following; Software represents the amortized cost of software purchased in 1999. This software had an original cost of $1,150,000 and is being amortized over seven years.
Other intangibles represents the per ticket cost paid to Autotote Lottery Co...rporation for advance on-line ticket sales. These ticket sales, also referred to as deferred revenue, represent tickets sold prior to June 30, 1999 and 1998 for drawings held subsequent to year-end.
Fixed Assets - Fixed assets are recorded at cost. Donated fixed assets are recorded at their estimated fair market value at the date of donation. Ordinary maintenance and repairs are charged to operations as incurred; major renewals and betterments are capitalized. Upon disposition or retirement of fixed assets, the cost and related accumulated depreciation or amortization is removed from the accounts.
What to read after Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 1999?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
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