Montana Lottery Financial Statements (Unaudited) December 31, 1989
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In our eReader you can find the full English version of the book. Read Montana Lottery Financial Statements (Unaudited) December 31, 1989 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 Financial Statements (Unaudited) December 31, 1989
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TRANSFER TO STATE SUPERINTENDENT Ob' PUBLIC INSTRUCTION Section 2S-5-1021 , MCA states "that part ot ail gross revenue not used for payment of prizes, commissions, and operating expenses is net revenue and must be paid quarterly from the enterprise fund to the State Superintendent of Public Instruction for distribution as equalization aid to the public schools of Montana..." For the quarter ended December 31, 1989, the net revenue amounted to $573,873.
5. DEFICIT RETAINED EARNINGS According to ...the law, the Lottery's net revenue must be transferred quarterly to the State Superintendent of Public Instruction. This transfer should result in a zero retained earnings balance. Because of recording a fiscal year 1988-1989 expenditure after calculation of the transfer for the quarter ending June 30, 1989, the beginning retained earnings balance is (29) rather than zero.
6. PRIZE RESERVE FUND As a member of the Multi-State Lottery Association (MUSL) ^ and the Lotto*America game, the Lottery is required to P contribute to a prize reserve fund maintained by MUSL.
What to read after Montana Lottery Financial Statements (Unaudited) December 31, 1989?
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:
TRANSFER TO STATE SUPERINTENDENT Ob' PUBLIC INSTRUCTION Section 2S-5-1021 , MCA states "that part ot ail gross revenue not used for payment of prizes, commissions, and operating expenses is net revenue and must be paid quarterly from the enterprise fund to the State Superintendent of Public Instruction for distribution as equalization aid to the public schools of Montana..." For the quarter ended December 31, 1989, the net revenue amounted to $573,873.
5. DEFICIT RETAINED EARNINGS According to ...the law, the Lottery's net revenue must be transferred quarterly to the State Superintendent of Public Instruction. This transfer should result in a zero retained earnings balance. Because of recording a fiscal year 1988-1989 expenditure after calculation of the transfer for the quarter ending June 30, 1989, the beginning retained earnings balance is (29) rather than zero.
6. PRIZE RESERVE FUND As a member of the Multi-State Lottery Association (MUSL) ^ and the Lotto*America game, the Lottery is required to P contribute to a prize reserve fund maintained by MUSL.
What to read after Montana Lottery Financial Statements (Unaudited) December 31, 1989?
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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