Assume that a government received a 5,000,000 expenditure-driven ...

[jessicacav]

Assume that a government received a 5,000,000 expenditure-driven grant in Year 1 for a project that was expected to take three years to complete.
 
  Further assume that qualifying expenditures for the project, which actually took four years to complete, were as follows: Year 1 - 1,000,000; Year 2 - 2,500,000; Year 3 - 1,000,000; Year 4 - 400,000 . The government should report grant revenues in Year 2 in the amount of
  a. 0
  b. 1,000,000
  c. 2,500,000
  d. 3,500,000
  e. 5,000,000

Question 2

Most computer accounting software packages allow businesses to
 a. Post cash receipts for sales
   b. Apply Discounts
   c. Both A & B
   d. Neither A or B

[leahchrapun]

Answer to Question 1

C

Answer to Question 2

c

[jessicacav]

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