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 46 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
YES! Correct, THANKS for helping me on my review

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
Group fitness activities geared toward senior citizens can improve their physical strength and ... Group fitness activities geared toward senior citizens can improve their physical strength and ...
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
Improve your driver posture Improve your driver posture
Running is a great way to improve cardiorespiratory endurance Running is a great way to improve cardiorespiratory endurance
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library