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Title: A government college received a $2 million grant restricted to research on devel Post by: goji.go on Oct 21, 2014 A government college received a $2 million grant restricted to research on developing a process for synthesizing a stable triple helix. $500,000 of qualifying research costs were incurred during the year. The college should report:
A. Grant revenues of $2 million. B. Grant revenues of $500,000 and a liability for unearned grant revenues of $1.5 million. C. Grant revenues of $500,000 and deferred inflows of $1.5 million. D. Unearned grant revenues of $2 million until the research is completed. Title: Re: A government college received a $2 million grant restricted to research on devel Post by: f_zah1 on Oct 22, 2014 Content hidden
Title: Re: A government college received a $2 million grant restricted to research on devel Post by: feby on Jul 31, 2020 <3
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