A governmental entity is funding a capital project with the issuance of general obligation bonds, as...
A governmental entity is funding a capital project with the issuance of general obligation bonds, as well as a federal grant. When qualifying expenditure reimbursements are collected, the grant would be reported on the operating statement as
A. An other financing source.
B. A revenue.
C. A nonoperating revenue.
D. An other financing use.
Homework Answers
|
Option B is the answer A revenue |
|
| The grant received by the capital project from a governmental entity are treated as revenues (when qualifying expenditure reimbursements are collected) |
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A governmental entity is funding a capital project with the
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Can you please help me where I got wrong answers? Thank you!! E5-18 General Capital Assets...
Can you please help me where I got wrong answers? Thank
you!!
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please help me correct my mistakes Prepare journal entries for the City of Pudding's governmental funds...
please help me correct my mistakes
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Can you please help me where I got wrong answers? Thank
you!!
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Prepare journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements and then for government-wide financial statements. a. A new truck for the sanitation department was ordered at a cost of $105,250. b. The city print shop did $1,800 worth of work for the school system (but has not yet been paid). c. An $15 million bond was issued to build a new road. d. Cash of $179,000 is transferred from...
please help me correct my mistakes
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