During the current fiscal year, the city received the following: an unrestricted grant of $150,000 from the
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During the current fiscal year, the city received the following: an unrestricted grant of $150,000 from the state; a restricted grant of $200,000 from the federal government to be used for multicultural education beginning next fiscal year. In its fund statements, how much should the city report as grant revenue for the current fiscal year?
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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