The proceeds of a federal grant made to assist in financing the future construction of an adult

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The proceeds of a federal grant made to assist in financing the future construction of an adult training center should be recorded in

a. the General Fund.

b. a Special Revenue Fund.

c. a Capital Projects Fund.

d. a Permanent Fund.

e. none of the above.

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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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The proceeds of a federal grant made to assist in financing the future construction of an adult

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The correct answer is c a Capital Projects Fund When a federal grant is received to ass...View the full answer

Governmental And Nonprofit Accounting Theory And Practice

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