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Author Question: For the previous problem, how should the grant be reported in the statement of revenues, expenses, ... (Read 67 times)

kaid0807

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For the previous problem, how should the grant be reported in the statement of revenues, expenses, and changes in net assets?
 
  a. Capital contribution of 1,500,000
  b. Operating revenues of 1,500,000
  c. Nonoperating revenues of 1,500,000
  d. Special item of 1,500,000

Question 2

The current ratio would probably be of most interest to
 a. creditors.
  b. management.
  c. the owner.
  d. customers.
  e. the Internal Revenue Service.



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ntsoane kedibone

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Answer to Question 1

A

Answer to Question 2

A




kaid0807

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it


bigsis44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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