The general fund is awarded a reimbursement-style grant from the federal government for training police in...
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The general fund is awarded a "reimbursement-style" grant from the federal government for training police in terrorist detection and handling hostage situations. The award is for $1,500,000. The city has received and paid invoices from the FBI for instruction materials and programs held during 2014 totaling $835,000. The general fund submits the invoices for reimbursement. (2 entries) A train derails and causes a toxic chemical spill in the city's commercial district. The railroad declares bankruptcy and the city's clean-up costs total $300,000 after insurance. This event is deemed unusual, infrequent and material. (1 entry) The general fund is awarded a "reimbursement-style" grant from the federal government for training police in terrorist detection and handling hostage situations. The award is for $1,500,000. The city has received and paid invoices from the FBI for instruction materials and programs held during 2014 totaling $835,000. The general fund submits the invoices for reimbursement. (2 entries) A train derails and causes a toxic chemical spill in the city's commercial district. The railroad declares bankruptcy and the city's clean-up costs total $300,000 after insurance. This event is deemed unusual, infrequent and material. (1 entry)
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Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
Posted Date:
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