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A city Enterprise Fund received an operating grant during the fiscal year. The Enterprise Fund will report this grant on the statement of revenues, expenses, and changes in net position as
Blenders
Kitchen appliances used for mixing, pureeing, or emulsifying food and other substances.
LIFO Method
An accounting method that records the last items added to inventory as the first items sold.
Ending Inventory
Refers to the value of goods available for sale at the end of an accounting period.
Tennis Rackets
Sporting equipment consisting of a handled frame with an open hoop across which a network of strings or catgut is stretched tightly, used to strike a tennis ball.
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