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logiol22 logiol22
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5 years ago
A Capital Projects Fund received a $300,000 transfer from the General Fund and $200,000 of a $500,000 unrestricted state grant for a highway project. The grant is being paid in two phases$200,000 in Year 1 and $300,000 when the project is completed (which is anticipated to be at the end of Year 2). Capital Projects Fund revenues reported at the end of Year 1 should be
A.$0.
B.$200,000.
C.$300,000.
D.$800,000.
Textbook 
Governmental and Nonprofit Accounting

Governmental and Nonprofit Accounting


Edition: 11th
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proshendoproshendo
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logiol22 Author
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#2
5 years ago
Genius!!!!!!
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