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derro derro
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5 years ago
A government was awarded a grant from another government. The $8,000,000 grant is restricted to use for construction of a facility for one of the grantee government's enterprise activities. The grant is for half the cost of the facility. The grantor will reimburse half of the costs as they are incurred. At the end of the first fiscal year, $3,000,000 has been spent on the project. $1,500,000 has been collected from the grantor. How should the grantee's Enterprise Fund statement of cash flows report the cash inflows?
A.Operating activities.
B.Noncapital financing activities.
C.Capital and related financing activities.
D.Investing activities.
Textbook 
Governmental and Nonprofit Accounting

Governmental and Nonprofit Accounting


Edition: 11th
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apuchicandoapuchicando
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5 years ago
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derro Author
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5 years ago
Thanks for your help!!
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You make an excellent tutor!
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