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 52 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
Gracias!

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

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?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Circumpolar Star Trails Circumpolar Star Trails
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
Lewis Hine’s 1910 photograph shows a tenement alley in New York City. More famous for his “unsettlin Lewis Hine’s 1910 photograph shows a tenement alley in New York City. More famous for his “unsettlin
Reading and talking about a picture book is one effective way to improve children’s language ... Reading and talking about a picture book is one effective way to improve children’s language ...
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
Lymphatic massage techniques improve the circulation of lymph fluid. Lymphatic massage techniques improve the circulation of lymph fluid.
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library