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goji.go goji.go
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Posts: 5977
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9 years ago
A governmental hospital receives notice of a $100,000 grant from the federal government to conduct breast cancer research. The grant contains an eligibility requirement; that is, the hospital must incur costs and submit quarterly reports of allowable costs incurred. The reports are subject to audit. When should the hospital recognize revenues under the grant?
      a.   upon receiving notice of the grant
      b.   each quarter, when it submits quarterly reports
      c.   as it incurs allowable costs
      d.   after the all cost reports have been audited
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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