« previous next »

Author Question: A city was awarded a 600,000 federal grant to help finance a bridge construction project that is ... (Read 71 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jul 6, 2018
A city was awarded a 600,000 federal grant to help finance a bridge construction project that is expected to take two years to complete.
 
  The grant will be paid in two installments: (1) 60 (nonrefundable) at the beginning of the project in Year 1, and (2) 40 when the project is completed. Capital Projects Fund revenue should be recognized in Year 1 in the amount of
  a. 0
  b. 600,000
  c. 300,000
  d. 360,000
  e. 240,000

Question 2

Stryker Company issued a check for June rent in the amount of 650 . In what journal would this transaction be recorded.
 a. Sales Journal
   b. Cash Payment Journal
   c. Cash Receipt Journal
   d. General Journal


lorealeza77

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jul 6, 2018
Thank you :)


lorealeza77

  • Sr. Member
  • ****
  • Posts: 356
Reply #3 on: Jul 6, 2018
Happy to help you


« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Lewis Hine’s 1910 photograph shows a tenement alley in New York City. More famous for his “unsettlin Lewis Hine’s 1910 photograph shows a tenement alley in New York City. More famous for his “unsettlin
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ... In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ...
Claude Monet, Bridge over a Pool of Water Lilies. Claude Monet, Bridge over a Pool of Water Lilies.
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Mono Mind - Save Me A Place (Bridge & Mountain Remix) SiriusXM bpm Mono Mind - Save Me A Place (Bridge & Mountain Remix) SiriusXM bpm
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library