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Studentka2010 [4]
3 years ago
10

Last year a city received notice of a $150,000 grant from the state to purchase vehicles to transport physically challenged indi

viduals. During the current year the city received the entire $150,000, purchased a bus for $65,000, and issued a purchase order for a van for $60,000. The grant revenue that the city should recognize on the government-wide financial statements in the current year is:
Business
1 answer:
Slav-nsk [51]3 years ago
7 0

Answer:

The answer is: $0

Explanation:

Government entities have to record grant revenue during the period that they occur. The city received notice of this grant last year, so they recorded the grant revenue in last year's financial statements. If they recognize any grant revenue this year, it must come from a new grant.

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Is mercury an appropriate target for agi? why or why not?
andrew-mc [135]
Mercury is an appropriate target for AGI, yes mercury is. We believe that mercury is an appropriate M&A target for AGI and needed to be pursued. They need to pursued that mercury is the best and appropriate target for AGI. So the answer is yes, it is appropriate target for AGI, the mercury.
7 0
3 years ago
Swifty Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $159,400, and purchases for January throu
Natali [406]

Answer:

$226,000

Explanation:

Ending Inventory As of April 30, is the ending inventory from January to April.

Opening inventory = $159,409

Purchases = $504,000

gross profit =35% of  $671,100

=0.35 x 671,000

=234,000

cost of goods sold = revenue - gross profit

=$671,100 - $234,000

=$437, 000

cost of goods sold = opening inventory + purchases- ending inventory

=$437, 000=  $159,409 +  $504,000- ending inventory

=$437,000= $663,409- ending inventory.

Ending inventory =  $663,409 - $437,000

=$226,000

7 0
3 years ago
Is Universal Social Charge, Income tax or Consumer tax? ​
skelet666 [1.2K]

Answer:

income tax

Explanation:

5 0
3 years ago
Read 2 more answers
This type of drug speeds up, increases, or heightens bodily functions.
jonny [76]
Stimulant. Stimulants are types of drugs that speed up the central nervous system.
5 0
3 years ago
Read 2 more answers
During the current year, assets increased from $11,000 to $19,000, and liabilities decreased from $9,000 to $7,500. If no additi
garik1379 [7]

Answer:

$34,500

Explanation:

Calculation to determine total revenues for the year

Using this formula

Total revenues=Increase in Assets+Decreased in liabilities+Dividends+Expenses

Let plug in the formula

Total revenues=($11,000-$19,000)+($9,000-$7,500)+$4,000+$21,000

Total revenues=$8,000+$1,500+$4,000+$21,000

Total revenues=$34,500

Therefore total revenues for the year is $34,500

6 0
3 years ago
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