« previous next »

Author Question: A city was awarded a 600,000 federal grant to help finance a bridge construction project that is ... (Read 108 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jul 6, 2018
A city was awarded a 600,000 federal grant to help finance a bridge construction project that is expected to take two years to complete.
 
  The grant will be paid in two installments: (1) 60 (nonrefundable) at the beginning of the project in Year 1, and (2) 40 when the project is completed. Capital Projects Fund revenue should be recognized in Year 1 in the amount of
  a. 0
  b. 600,000
  c. 300,000
  d. 360,000
  e. 240,000

Question 2

Stryker Company issued a check for June rent in the amount of 650 . In what journal would this transaction be recorded.
 a. Sales Journal
   b. Cash Payment Journal
   c. Cash Receipt Journal
   d. General Journal


lorealeza77

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jul 6, 2018
Thank you :)


lorealeza77

  • Sr. Member
  • ****
  • Posts: 356
Reply #3 on: Jul 6, 2018
Happy to help you


« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

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.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

The four stages of cross-bridge cycling in skeletal muscle. The four stages of cross-bridge cycling in skeletal muscle.
Down Syndrome Nasal bridge Down Syndrome Nasal bridge
The tarsier is a haplorhine, and may represent an evolutionary bridge between lower and higher prima The tarsier is a haplorhine, and may represent an evolutionary bridge between lower and higher prima
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Cai Guo-Qiang, Footprints of History: Fireworks Project for the Opening Ceremony of the 2008 Beijing ... Cai Guo-Qiang, Footprints of History: Fireworks Project for the Opening Ceremony of the 2008 Beijing ...
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
Video: What is an ecosystem?

For a complete list of videos, visit our video library