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



Title: The county received a $1,500,000 restricted grant from the state government to b
Post by: goji.go on Oct 21, 2014
The county received a $1,500,000 restricted grant from the state government to be used to improve its public safety department's communication systems. The county will not meet all eligibility requirements of the grant until next fiscal year, when the county plans to begin incurring expenditures for this purpose. In the current year, the General Fund should report this grant as
A.   Other financing sources.
B.   Deferred revenues.
C.   Revenues.
D.   Unearned revenues.


Title: Re: The county received a $1,500,000 restricted grant from the state government to b
Post by: f_zah1 on Oct 22, 2014
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Title: Re: The county received a $1,500,000 restricted grant from the state government to b
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: The county received a $1,500,000 restricted grant from the state government to b
Post by: f_zah1 on Oct 23, 2014
You're very welcome!