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vovikov84 [41]
3 years ago
12

Central City was awarded two state grants during its fiscal year ending September 30, 2020: a $2 million block grant that can be

used to cover any operating expenses incurred during fiscal 2021, and a $1 million grant that can be used any time to acquire equipment for its police department. For the year ending September 30, 2020, Central City should recognize in grant revenue in its fund financial statement (in millions):
Business
1 answer:
Monica [59]3 years ago
3 0

Answer:

$1 million

Explanation:

The computation of the grant revenue recognized in the fund financial statement is presented below;

Given that

The $2 million could be used for covering up the operating expense and $1 million could be used for purchasing an equipment

So as per the given situation, the $1 million should be recognized

Therefore the same should be considered

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Lena makes $45 profit.

Extra information:

The amount of profit Lena makes is 3/4th of the profit Joe makes, seeing as when Joe makes $4 profit, Lena makes $3 and $3 is 3/4th of $4. Therefore, when Joe makes a profit of $60, Lena makes a profit of (60 x 3/4) $45.
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3 years ago
The responsibility for evaluating new technologies, new ideas, and new capabilities and identifying those that are most relevant
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5 0
2 years ago
____ is a method for overcoming resistance to organization change. a. Automation b. Centralization c. Management by exception d.
DedPeter [7]

Based on the information given, it can be deduced that the method of overcoming resistance that's illustrated is known as D. Force-field analysis.

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6 0
2 years ago
Help help buddies pelsss I’ll give points I need straightforward answer ASAP
Firlakuza [10]

Answer:

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4 0
2 years ago
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The ledger of Marin Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.
Amanda [17]

Answer:

Explanation:

The adjusting entries are shown below:

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            To Prepaid insurance A/c                    $280

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $3,005 ($3,970 - $965)

         To Supplies A/c                       $3,005

(Being supplies adjusted)

3. Depreciation Expense A/c Dr $190

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(Being depreciation expense is adjusted)

4. Unearned service revenue A/c Dr $4,680  ($11,700 × 2 ÷ 5)

           To  service revenue                                $4,680

(Being unearned service is adjusted)

4 0
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