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Title: Assume that a government received a $5,000,000 expenditure-driven grant in Year Post by: goji.go on Oct 21, 2014 Assume that a government received a $5,000,000 expenditure-driven grant in Year 1 for a project that was expected to take three years to complete. Further assume that qualifying expenditures for the project, which actually took four years to complete, were as follows: Year 1 - $1,000,000; Year 2 - $2,500,000; Year 3 - $1,000,000; Year 4 - $400,000. The government should report grant revenues in Year 2 in the amount of
A. $1,000,000. B. $2,500,000. C. $3,500,000. D. $5,000,000. Title: Re: Assume that a government received a $5,000,000 expenditure-driven grant in Year Post by: f_zah1 on Oct 22, 2014 Content hidden
Title: Re: Assume that a government received a $5,000,000 expenditure-driven grant in Year Post by: goji.go on Oct 23, 2014 Thanks so much f_zah1.
You were correct :D Title: Re: Assume that a government received a $5,000,000 expenditure-driven grant in Year Post by: f_zah1 on Oct 23, 2014 You're very welcome!
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