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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: The City of Ruth has been awarded a $1,000,000 federal reimbursement grant to im
Post by: goji.go on Oct 21, 2014
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 during the current year, for which the federal government has reimbursed the city $180,000. How much should the city of Ruth recognize as revenue for the current year?
A.   $1,000,000
B.   $598,000.
C.   $418,000.
D.   $180,000.


Title: Re: The City of Ruth has been awarded a $1,000,000 federal reimbursement grant to im
Post by: f_zah1 on Oct 22, 2014
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Title: Re: The City of Ruth has been awarded a $1,000,000 federal reimbursement grant to im
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: The City of Ruth has been awarded a $1,000,000 federal reimbursement grant to im
Post by: f_zah1 on Oct 23, 2014
You're very welcome!