Author Question: A Capital Project Fund received a 300,000 transfer from the General Fund and a 500,000 federal grant ... (Read 75 times)

SO00 · **on:** Jul 5, 2018

A Capital Project Fund received a 300,000 transfer from the General Fund and a 500,000 federal grant for a highway project.

The grant is being paid in two phases200,000 for Year 1 expenditures and 300,000 when the project is completed (which is anticipated to be at the end of Year 2). Capital Project Fund revenues reported at the end of Year 1 should be
A. 0.
B. 200,000.
C. 300,000.
D. 800,000.

Question 2

The ___________________ ___________ is a man-made system consisting of the people, equipment, organization, policies, and procedures whose objective is to accomplish the work of the organization.
Fill in the blank(s) with correct word