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 57 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
Wow, this really help

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Exercises to improve circulation to the lower extremities. Exercises to improve circulation to the lower extremities.
An 1872 Grant campaign poster of “Our Three Great Presidents” at best got it two-thirds right. An 1872 Grant campaign poster of “Our Three Great Presidents” at best got it two-thirds right.
Exercises and Activities That Can Improve Cardiorespiratory Fitness Exercises and Activities That Can Improve Cardiorespiratory Fitness
Frederick Law Olmsted and Calvert Vaux, Central Park, New York City. Frederick Law Olmsted and Calvert Vaux, Central Park, 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
Many exhaust manifolds are constructed of pressed steel and are free flowing to improve engine ... Many exhaust manifolds are constructed of pressed steel and are free flowing to improve engine ...
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library