Paul City received payment of two grants from the state during its fiscal year ending September 30, 2016. Grant A can be used to cover any operating expenses incurred during fiscal 2017. Grant B can be used at any time to acquire equipment for the city's fire department. Should the city report these grants as grant revenues or deferred inflows in its government-wide financial statements for fiscal 2016? 
Definitions:
Tombstones
Advertisements in financial publications summarizing the terms of a new issue of securities.
Public Offering
The process of selling stocks or bonds to the public for the first time, also known as an initial public offering (IPO) for stocks.
Dilution %age Ownership
The reduction in existing shareholders' ownership percentage of a company as a result of the company issuing more shares.
Q4: Property taxes levied on the citizens of
Q28: Users of government financial statements should be
Q34: How should governments report their capital projects
Q38: What is the primary reason that governmental
Q43: Under which set of auditing standards is
Q44: The GAO publication Government Auditing Standards (commonly
Q46: Dumas County has a December 31 fiscal
Q52: In the government-wide financial statements, the assets
Q54: Per GASB Statement No. 34, permanent funds
Q56: Donald Corp. reported the following on its