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    Essentials of Accounting Study Set 3
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    Exam 4: Accounting for the General and Special Revenue Funds
  5. Question
    When a Special Revenue Fund Accounts for Grants That Are
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When a Special Revenue Fund Accounts for Grants That Are

Question 47

Question 47

True/False

When a special revenue fund accounts for grants that are awarded on a reimbursement basis, revenues are recognized only after qualified expenditures have been recognized.

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