A city's Enterprise Fund received $3,000,000 cash in the form of a capital grant during the fiscal year ended June 30, 20X3 . The Enterprise Fund incurred and paid construction costs from that grant in the amount of $1,200,000
What amount should be reported on the Enterprise Fund Statement of Net Position as net investment in capital assets?
A. $0
B. $1,200,000
C. $1,800,000
D. $3,000,000
B
Business
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Trust C, a simple trust, has taxable interest of $8,000, tax-exempt interest of $12,000, and a short-term capital gain of $16,000. The trust instrument provides that capital gains are allocable to corpus. There are two equal beneficiaries. How much gross income does each beneficiary have from Trust C?
A. $4,000 B. $6,000 C. $10,000 D. $12,000
Business
The replacement of internal capacity and production with that of a supplier's is known as:
A) outpartnering. B) capacity cushioning. C) outsourcing. D) capacity buying.
Business