Acity was awarded a $600,000 federal grant to finance a bridge construction project that is expected to take two years to complete. the grant will be paid in two installments: (1) 60% (nonrefundable) at the beginning of the project in year 1, and (2) 40% when the project is completed. capital projects fund revenue should be recognized in year 1 in the amount ofa. $600,000
b. $360,000
c. $240,000
d. $0

360,000

Explanation:

60% IN THE FIRST YEAR ITS A TWO YEAR PROJECT AND 40 THE FOLLOWING YEAR .

the act of deciding on matters of the economy. economic decision making is routinely conducted by finance ministers, economic advisors, heads of major central banks and business leaders and can have profound effects on a major economy.

fir trees are found in areas with cooler climates. fir trees have needles for leaves and remain green year-round.