Multiple Choice
A city received a grant of $5,000,000 from a private agency.The money was to be used to build a new city library.In which fund should the money be recorded for the Fund-Based Financial Statements?
A) the General Fund.
B) an Expendable Trust Fund.
C) a Capital Projects Fund.
D) an Agency Fund.
E) a Permanent Fund.
Correct Answer:
Verified
Correct Answer:
Verified
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