Unrestricted Grant Revenues with a Time Requirement Should Be Recognized

question 43

Multiple Choice

Unrestricted grant revenues with a time requirement should be recognized

• A) when the award is announced.
• B) when the cash is received.
• C) in the period in which the grant is required to be used.
• D) when expenditures are recognized on grant-related activities.

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Definitions:

Remarriage

Entering into a marriage again after being divorced or widowed.

Extra-cellular Substances

Biochemical compounds found outside of cells that provide structural and biochemical support to surrounding cells.

Specialized Cells

Cells differentiated to perform specific functions necessary for the organism's survival, such as nerve cells, muscle cells, or blood cells.

Tissue

Groups of similar cells and their extracellular matrix from the same origin that together carry out a specific function.