Montana Lottery Annual Report 2004
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In our eReader you can find the full English version of the book. Read Montana Lottery Annual Report 2004 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 Montana Lottery Annual Report 2004
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OVERVIEW OF THE FINANCIAL STATEMENTS The Lottery is classified as a special-purpose government fund engaged only in business-type activities. Accordingly, the f.ottery operates in much the same manner as commercial enterprises using the full accrual method of accounting in accordance with accounting principles generally accepted in the United States of America. The basic financial statements consist of two components: 1 ) Thi'ce Fund Financial Statements: a Statement of Net Assets, a Statement ...of Re]'enues, Expenses, and Changes in [■'unci Net Assets, and a Statement of Cash I'lows: and 2) Notes to the Financial Statements.
The Statements of Net Assets provides information about the nature and amounts included in both short-term and long- term assets and liabilities at the end of the year. Long-term fixed assets are capitalized and depreciated over their useful lives. Because the Lottery is required to transfer all "profits." or the excess of assets over liabilities, to the State's General Fund, its "net assets" will always be zero.
What to read after Montana Lottery Annual Report 2004?
You can find similar books in the "Read Also" column, or choose other free books by Montana Lottery to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
OVERVIEW OF THE FINANCIAL STATEMENTS The Lottery is classified as a special-purpose government fund engaged only in business-type activities. Accordingly, the f.ottery operates in much the same manner as commercial enterprises using the full accrual method of accounting in accordance with accounting principles generally accepted in the United States of America. The basic financial statements consist of two components: 1 ) Thi'ce Fund Financial Statements: a Statement of Net Assets, a Statement ...of Re]'enues, Expenses, and Changes in [■'unci Net Assets, and a Statement of Cash I'lows: and 2) Notes to the Financial Statements.
The Statements of Net Assets provides information about the nature and amounts included in both short-term and long- term assets and liabilities at the end of the year. Long-term fixed assets are capitalized and depreciated over their useful lives. Because the Lottery is required to transfer all "profits." or the excess of assets over liabilities, to the State's General Fund, its "net assets" will always be zero.
What to read after Montana Lottery Annual Report 2004?
You can find similar books in the "Read Also" column, or choose other free books by Montana Lottery to read onlineMoreLess
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