This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The City of Ruth has been awarded a 1,000,000 federal reimbursement grant to improve bike trails. ... (Read 25 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
on: Jul 6, 2018
The City of Ruth has been awarded a 1,000,000 federal reimbursement grant to improve bike trails. The city has incurred 418,000 of qualifying expenditures to date, for which the federal government has reimbursed the city 180,000 .
 
  How much should the city of Ruth show as due from the federal government?
  A. 820,000.
  B. 582,000.
  C. 418,000.
  D. 238,000.

Question 2

Which of the following statements is true concerning accounting and financial reporting practices related to capital asset acquisitions?
 
  A. Routine capital purchases such as vehicles and equipment often may be financed and accounted for in a General Fund.
  B. Most capital lease transactions related to governmental funds are accounted for in either the General Fund or a Debt Service Fund.
  C. Capital Project Funds may be used only for acquisition or construction of major capital facilities.
  D. Most capital projects last only for on fiscal year.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

spencer.martell

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

A


NguyenJ

  • Member
  • Posts: 516
Reply 2 on: Jul 6, 2018
Excellent

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
Ludwig Mies van der Rohe and Philip Johnson, Seagram Building, New York City. Ludwig Mies van der Rohe and Philip Johnson, Seagram Building, New York City.
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
Short, Upbeat Massage Sessions can Improve Mental Alertness. Short, Upbeat Massage Sessions can Improve Mental Alertness.
Members of the British Punitive Expedition to Benin City Members of the British Punitive Expedition to Benin City
Improve your driver posture Improve your driver posture
Video: Homeostasis (range of body conditions, normal limits, mild stresses & severe stresses)

For a complete list of videos, visit our video library