question archive On January 1, 20x1, MACABRE HORRIBLE Co
Subject:FinancePrice:2.87 Bought7
On January 1, 20x1, MACABRE HORRIBLE Co. received cash of ?16,000,000 from a local government to be used to defray safety and other hazard-related costs over a five-year period. It was estimated that such costs will total ?32,000,000 over the next five years. In 20x1 and 20x2, actual costs of safety and other hazard-related costs amounted to ?4,000,000 and ?4,800,000, respectively.
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