Author Question: The matching concept requires expenses be recorded in the same period that the related revenue is ... (Read 85 times)

Pea0909berry · **on:** Jul 5, 2018

The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
a. True
b. False

Indicate whether the statement is true or false

Question 2

A nonfederal entity is required to have either a Program-Specific Audit or a Single Audit if they

A. Received 300,000 or more in federal awards.
B. Expended 300,000 or more in federal awards.
C. Received 500,000 or more in federal awards.
D. Expended 500,000 or more in federal awards.