subject
Business, 14.04.2020 19:36 darius12318

Excel City was awarded a $900,000 federal operating grant for use in Year 20X2. On December 1 of year 20X1, half of the grant money was received by the city. The journal entry to record receipt of the grant funds will include:.
A) A credit to Grant Revenues of $450,000.
B) A credit to Deferred Inflow of Resources—Grant Award in the amount of $900,000.
C) A credit to Deferred Inflow of Resources—Grant Proceeds in the amount of $450,000.
D) No entry until the grant resources are expended.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 22:50, emmanuelcampbel
What happens when a bank is required to hold more money in reserve?
Answers: 3
image
Business, 22.06.2019 02:00, getse61
Ineed : ): will mark brainliest! describe sinek's golden circle. what does he use this for? sinek argues that "people don't buy 'what' you do; people buy 'why' you do it." what does he mean by this? do you agree or disagree with him? why? what are the advantages of hiring people who share the same beliefs and visions in terms of the company's 'why' or purpose? why wasn't tivo successful as a company? what is the difference between leaders and those who lead? how does safety contribute to trust and cooperation? what are some ways that leaders can make the company environment safe? what are the advantages of companies where employees feel safe and protected?
Answers: 2
image
Business, 22.06.2019 17:00, HourlongNine342
Serious question, which is preferred in a business? pp or poopoo?
Answers: 1
image
Business, 23.06.2019 15:30, bward04
When filling out paperwork after you've been hired, you must have a: a. hiring sheetb. driver's licensec. social security numberd. copy of your transcript
Answers: 1
You know the right answer?
Excel City was awarded a $900,000 federal operating grant for use in Year 20X2. On December 1 of yea...

Questions in other subjects:

Konu
Chemistry, 03.09.2020 19:01