subject
Business, 25.03.2021 19:00 nateqqj

During its 2019 fiscal year, a city receives a grant from the state to hire a police officer who is to educate young people about the dangers of using illegal drugs. The grant is for up to $48,000 and must be spent by the city's 2022 fiscal year. The state pays the $48,000 grant proceeds to the city during the city's fiscal year 2019. The only requirement is that the city hire and pay the salary of the police officer. The city hires the police officer on the last day of its 2019 fiscal year, but the police officer did not work in fiscal year 2019. How should the city report the grant proceeds received from the state in its Special Revenue Fund

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 05:50
Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?
Answers: 2
question
Business, 22.06.2019 09:00
Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance
Answers: 2
question
Business, 22.06.2019 09:40
The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions
Answers: 3
question
Business, 22.06.2019 10:00
University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.
Answers: 1
You know the right answer?
During its 2019 fiscal year, a city receives a grant from the state to hire a police officer who is...
Questions
question
Social Studies, 04.10.2020 14:01
question
Mathematics, 04.10.2020 14:01
question
Mathematics, 04.10.2020 14:01
Questions on the website: 13722363