Author Question: A county was awarded a 900,000 expenditure-driven grant in year 1 for a capital project that is ... (Read 55 times)

londonang · **on:** Jul 5, 2018

A county was awarded a 900,000 expenditure-driven grant in year 1 for a capital project that is expected to take three years to complete. As of the end of Year 1 the county had incurred expenditures of approximately 50,000 .

The county should recognize Capital Projects Fund revenue at the end of Year 1 in the amount of
A. 0.
B. 50,000.
C. 300,000.
D. 900,000.

Question 2

Which of the following statements is false?
a. Strategic planning is relatively unstructured.
b. Strategic planning uses much information from outside the firm.
c. Tactical management focuses on relevant operations units and uses some external information.
d. Tactical management uses the most detailed and accurate information.