What are pass-through grants? Under what circumstances must a recipient government report them as both a revenue

Question:

What are pass-through grants? Under what circumstances must a recipient government report them as both a revenue and an expenditure?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

See More Books

Question Posted: Aug 13, 2014 11:43 AM

See More Questions

Under what circumstances must a leasehold interest be evidenced in writing? Why?
Under what circumstances must the auditors report refer to the consistency, or the lack of consistency, in the application of GAAP? What is the purpose of such reporting?
Under what circumstances should a government use a Special Revenue Fund? A Capital Projects Fund? A Debt Service Fund?
An inverted pyramidal tank has an equilateral triangular base measuring 3 ft. on a side and an altitude of 7 ft. DSMIT adi a. How many gallons of water can the tank hold? b. What will be the wetted...
Suppose x is a random variable best described by a uniform probability distribution with c = 20 and d = 45. a. Find f(x). b. Find the mean and standard deviation of x. c. Graph f(x) and locate and...
Gunnar Patel is an event-driven hedge fund manager for Senson Fund, which focuses on merger arbitrage strategies. Patel has been monitoring the potential acquisition of Meura Inc. by Sellshom, Inc....
Let $w=e^{\sigma z-\frac{1}{2} t^{2}}$, where $z$ is a stardard Wiener process. Find the equation governing $w$.
Intermountain Resources is a multidivisional company. It has three divisions with the following betas and proportion of the firms total assets: The risk-free rate is 7 percent and the market risk...
A ceiling fan turns at a rate of 20 RPM. A 1 gram bug hangs on to the end of a 50 cm fan blade. What is the magnitude of the frictional force between the bug's feet and the blade?
Annapolis Company purchased a $2,000, 7%, 9-year bond at 99 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received...
A private citizen makes an unrestricted pledge of $5 million to a citys museum. The city is condent that the donor will fulll her pledge. However, the cash will not be received for at least two...
A student comments: A government destroys a recently acquired car, sells the remains for scrap, and its general fund surplus for the year increases. Thats ridiculous. Government accounting makes so...
Review Examples 50 and 52 in the text. In both examples, the taxpayers AGI is $129,400 even though in Example 52 there is $700 of nonrecaptured 1231 loss from 2015. Explain why the two AGI amounts...
Write a program that reads two times in military format (0900, 1730) and prints the number of hours and minutes between the two times. Here is a sample run. User input is in color. Please enter the...
For these problems, we will explore a pipeline for a register-memory architecture. The architecture has two instruction formats: a register-register format and a register-memory format. There is a...
The directory protocol used in 5.9 (based on Figure 5.20) assumes that the directory controller receives requests, sends invalidates, receives modified data, sends modified data to requester if block...
Consider the following code: Cash Register register = new Cash Register(); register.record Purchase(19.93); register. receive Payment (20, 0, 0, 0, 0); System.out.print("Change: ");...
In this exercise, we examine the effect of the interconnection network topology on the CPI of programs running on a 64-processor distributed-memory multiprocessor. The processor clock rate is 2.0...
The eighteenth-century political philosopher Edmund Burke said in a speech, He that wrestles with us strengthens our nerve and sharpens our skill. Our antagonist is our helper. Is this true of...
Express these numbers in standard notation. a. 2.87 10-8 b. 1.78 1011 c. 1.381 10-23
Heywood Diagnostic Enterprises is evaluating a project with the following net cash flows and probabilities (Prob.): The year 5 values include salvage value. Heywoods corporate cost of capital is 10...
What are the key criteria of whether an entity should be accounted for as a "consolidation" entity or a "disclosure" entity?
Based on the criteria set forth in this chapter and the limited facts presented, indicate which of the following apocryphal entities you believe should be incorporated into the Financial Report of...
In a particular year the federal government was affected by the following transactions and events. For each, indicate the amount that it should recognize as an expense during that year. Cite the...
1. (25 points) Consider the following programs: Alg1(n): For i 1 to n For j = 1 to n If i+j
Convert the following C code into an ARM assembly program: void main(void) { } Hint: short a[8] = {1, 3, 5, 7, 9, 11, 13, 15}; short b[8] = {2, 4, 6, 8,10, 12, 14, 16}; short c[8] = {0, 0, 0, 0, 0,...
7. Consider the following code. Modify the classes to make sure the main() function compiles and runs without any error. (Hint: you should implement 2 or 3 functions.) [ < < 15 min] [3pt] 1. #include...

What are pass-through grants? Under what circumstances must a recipient government report them as both a revenue

Question:

Step by Step Answer:

Passthrough grants are awards that a government must either transfer to or spend on behalf of a ...View the full answer

Government and Not for Profit Accounting Concepts and Practices

Students also viewed these Accounting questions