Include the following:Complete the Book Adjustments (Adj1 Sale of fixed assets, Adj2 2015 Depreciation, and Reclass of accounts payable) using the included resources.Adjust the Journal Entries using the included resources for 2015 depreciation.Apply information from the included resources to complete the Tax Adjustments:Accrual to Cash Adjustment - Accounts Receivable;Charitable contributions carryover;50% Meals and Entertainment;Non-deductible penalties;Tax Exempt interest;Accrual to Cash Adjustment - Accounts Payable.Classify the Taxable Income entries on the Adjusted Trial Balance to complete using the included resources.Apply Generally Accepted Accounting Principles. Your manager has also listed questions that require a response. Read the Phoenix Medical Worksheet Student Part 1 (Microsoft® Word) and answer the questions using short answers. Complete the Microsoft® Excel® spreadsheet showing your adjustments and final tax trial balance. Answer all questions as short answers.

I need 1 to 2 paragraphs containing detailed answers to each of the following discussion questions. Please do not forget to include references on each discussion with your answers. Discussion 1 Your employer gave you an option between a defined contribution pension plan and a defined benefit pension plan. Recall what each plan offers and choose the plan that works best for you. Support your response with facts about each plan. Also, consider the accounting method your employer uses to report these expenditures. How does this method compare to an Endowment fund? Identify any similarities and differences between pension plan reporting and endowment fund reporting. Either pension plan you choose is only beneficial for you if your employer is transparent. Contributions made by the employer need to be relayed to the employee. Ongoing revisions and projections are a necessity to ensure planning is adequate for future needs. European countries are constantly focusing on transparency to provide high quality financial information. Organizations like the World Bank and the International Federation of Accountants (IFAC) require reporting very similar to the United States to require organizational transparency. However, Arab countries appear to be behind the wave with transparency or does it only appear this way? Evaluate the transparency in Arab countries to see what the similarities and differences are with the United States. Discussion 2 Different activities can indicate signs of strength, weakness, or a neutral effect on the financial condition of a company. Analyze activities that indicate strong and weak financial conditions. Conclude how five of the following activities affect the financial condition of a company and provide support for your conclusions: Revenues over expenditures Intergovernmental revenues Level of business activity Education level of citizens Unemployment rate Restrictions on revenues Personal income per capita Debt service Percentage of households below the poverty level Short-term borrowing Property values Population growth Political party of the mayor Unfunded pension liability Operating deficit. Discussion 3 Pyramid Printing Company’s Controller, Sally Sound, has been approached by the company’s President, Mike Maryland, to optimize green sustainability initiatives and work with the production staff to maximize recycling income. After conferring with the production and warehouse staff, Sally noted that the company’s paper roll cores are never fully used due to the timing of the web gluing process. Sally Sound then assessed an opportunity for Pyramid’s paper roll cores to be sold as a byproduct; the rolls would be stripped and converted into packaging inserts for a major online retailer. What are the characteristics of a byproduct? Which methods are used to account for byproducts? Rationalize which of these possible methods might be best to employ for this scenario. Discussion 4 Pyramid Printing Company is a printer of magazines and retail inserts. Sally Sound, the company’s Controller, initiated an inquiry regarding what has surfaced as a large material variance for the month of April 2017. After inquiring of the production department, it was discovered that many copies of an insert for a major retailer’s holiday promotion were out of register and discarded. Sally then noted that these were not properly recorded as spoilage to deflect attention from quality issues. What are the ramifications of reporting the quality-impaired product as a material variance rather than spoilage? Discuss the accuracy of the expenses recorded for the period, as well as any relevant ethical issues.

Option #1: Enterprise funds related to capital contributions, restricted assets, and landfillsRobinson County has a recreational facility where many patrons as well as tourists come for basketball tournaments from all over the world. Previously, the recreational facility sustained itself from its profits, which led to the creation of an enterprise fund. As a result, accounting for the basketball courts was moved from the General Fund to the new enterprise fund. Lately, the courts usage has diminished causing the costs to increase. This year the court lost a half million, which had to be covered by the General Fund. In the upcoming fiscal year, the county projects the shortfall to be more than a million.Required:Evaluate whether Robinson County should include the recreational facility in their Parks and Recreation department or if it should be funded by fees charged to the users.Is there justification for accounting for the recreational facility as an enterprise fund? If so, how does this affect reporting as an enterprise fund activity instead of a General Fund activity?How would you handle the recreational facility dilemma?What questions, if any, should you address for the following situations: Robinson County continues accounting for the recreational facility as in the past; An outside management company operates a portion or the entire facility. Several options are presented under this option including the county maintains control of the basketball operations but outsources the basketball shops, concession stands, and court maintenance. The county leases the recreational facility to a private operator in exchange for lease income to the municipality. Under this option, capital investments in facility improvements, minimum standards of maintenance, and courts fee restrictions exist; the county sales the recreational facility and removes from their books.Paper Requirements:Submit your responses to the questions in a 3 page Microsoft Word document. Label each question clearly. Include computations in a table and show work.For written answers, ensure your responses are well-written.