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goji.go goji.go
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Posts: 5977
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9 years ago
The city, which has a December 31 year end, was awarded a $400,000 federal grant for a system hardware upgrade to meet FCC requirements. The grant was awarded and distributed to the fund in June 20X7. However, the capital project is not expected to be completed until June 20X8. As of December 31, 20X7, the Cable Enterprise Fund should
A.   Report nonoperating revenues of $400,000.
B.   Report nonoperating revenues of $200,000.
C.   Report a capital contribution of $400,000.
D.   Report a capital contribution of $200,000.
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Diesel
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f_zah1f_zah1
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9 years ago
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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

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