The Dunstown County general fund received a notice of a federal grant award for an expenditure-driven (reimbursement) grant in the amount of $1,000,000. Included with the notice was an advance of $250,000. During the year, the County incurred $400,000 of qualifying eligible grant expenditures, and no additional money had been received from the grantor.

What would be the amount of revenues reported at the entity-wide level?

Answer rating: 100% (QA)

The quantity of revenues recorded at the entity level would vary depending on Dunstown Countys choic... View the full answer