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The Mosquito Abatement Commission is a newly organized federal agency with three primary programs: coordinating state government abatement functions, conducting research on mosquito abatement, and
The Mosquito Abatement Commission is a newly organized federal agency with three primary programs: coordinating state government abatement functions, conducting research on mosquito abatement, and promoting abatement through public education. The following information is available at the end of the first quarter (December 31, 2020):
The Mosquito Abatement Commission is a newly organized federal agency with three primary progra coordinating state government abatement functions, conducting research on mosquito abatement, ar promoting abatement through public education. The following information is available at the end of th first quarter December 31, 2020): Government Coordination Research Public Education Apportionments from OMB Allotments-first quarter Salaries paid Accrued salaries payable Supplies ordered and received Supplies used Depreciation Equipment purchases Program revenue: Charges for service $2,900,000 1,740,000 32,000 200,000 139,000 46,000 1,118,000 $1,973,000 $1,338,000 789,000 963,000 40,000 24,000 476,000 181,000 473,000 160,000 103,000 11,000 669,000 51,000 166,000 Total $6,211,000 6,211,000 3,492,000 96,000 857,000 772,000 160,000 1,838,000 166,000 Required: Prepare a Statement of Net Cost for the quarter ended December 31. (Deductions should be entered with a minus sign.) MOSQUITO ABATEMENT COMMISSION Statement of Net Cost For the Quarter Ended December 31, 2020 Costs by Strategic Goal Coordinate State Government Abatement Programs Total Gross Cost Conduct Research on Mosquito Abatement Total Gross Cost Promote Abatement Through Public Education Total Gross Cost Net Cost Total Entity Total Gross Program Cost Net Cost (Income) from Operations
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