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Prepare journal entries to record the following grant-related transactions for a municipality special revenue fund.
1.Special Revenue Fund awarded an operating grant from the state,$2,500,000 (cash will be received after qualified expenditures are made).
2.Special Revenue Fund received funds of $1,600,000,temporarily transferred from the General Fund.
3.Incurred qualifying expenditures on the state grant program of $1,600,000 and paid them with funds temporarily transferred from the General Fund.
4.Received a federal grant to finance planting of trees in city,$4,500,000 (cash received in advance).
5.Incurred and paid cost of $3,000,000 for planting 10,000 trees in city.
Behavioral Approach
A strategy focusing on individuals' observable behaviors and the ways in which it can be influenced by the environment, rather than on internal states or mental processes.
High Task-High Relationship
A leadership style characterized by a strong focus on both accomplishing tasks and fostering positive relationships.
Middle-Of-The-Road Style
A leadership or management approach that seeks to balance task accomplishment with maintaining good interpersonal relations.
Universal Style
A leadership approach that is effective across different cultures, contexts, and situations, transcending cultural and situational specifics.
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