A state received an unrestricted gift of $80,000 of stocks and bonds from a private donor. The

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A state received an unrestricted gift of $80,000 of stocks and bonds from a private donor. The General Fund statement of revenues, expenditures, and changes in fund balance should report

a. revenues of $80,000.

b. other financing sources of $80,000.

c. special items for all such gifts.

d. extraordinary items for all such gifts.

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Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

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Question Posted: Feb 24, 2024 05:00 AM

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A state received an unrestricted gift of $80,000 of stocks and bonds from a private donor. The

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Upon receiving an unrestricted gift of 80000 of stocks and bonds from a private donor the States Gen...View the full answer

Governmental And Nonprofit Accounting Theory And Practice

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