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Business, 23.10.2019 05:00 ani61

The city of ruth has been awarded a $1,000,000 federal expenditure-driven grant to improve bike trails. the federal government advanced the city $600,000 when the grant was awarded on january 10, 20x8. the city incurred $418,000 of qualifying expenditures during 20x8. how much should the city of ruth recognize as deferred revenue for its fiscal year ending december 31, 20x8?

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