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:

April

The fourth month of the year in the Gregorian calendar, known for its spring season in the Northern Hemisphere and autumn in the Southern Hemisphere.

Contract Multiplier

A factor used to determine the cash value of each point of change in a futures or options contract, affecting the total contract value.

S&P 500

A stock market index that measures the stock performance of 500 of the largest companies listed on stock exchanges in the United States, often used as a benchmark for the overall market.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its stock price.