Where Should a Cash Grant Received to Support the Operations

question 38

Multiple Choice

Where should a cash grant received to support the operations of an Enterprise Fund be reported on that fund's statement of revenues, expenses, and changes in fund net position when it is earned?

• A) Operating revenues.
• B) Nonoperating revenues.
• C) Reduction to operating expenses.
• D) Capital contributions.

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Definitions:

Author's Skill

The capability or expertise of a writer in creating, crafting, or composing literary or artistic works.

Musical Categories

Refers to classifications of music based on characteristics such as genre, form, style, or purpose.

Expression

The process of making known one's thoughts or feelings.

Accounting

A court-ordered determination of the injuries suffered; the agent must pay over money or property collected on behalf of the principal; a court order that any profits made from wrongdoing be paid over to the victim.