The Federal Government Provided $300,000 to a University to Develop

Multiple Choice

The federal government provided $300,000 to a university to develop and operate an English as a Second Language program. Which of the following statements about the above government transfer is TRUE?

A) This is an exchange transaction with an eligibility criteria.
B) This is an exchange transaction with a stipulation criteria.
C) This is a non-exchange transaction with a stipulation criteria.
D) This is a non-exchange transaction with an eligibility criteria.