35. How should grant funds received in fiscal year 20X3 that can only be spent...
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35. How should grant funds received in fiscal year 20X3 that can only be spent in fiscal year 20X4 be reported in General Fund financial statements for 20X32 A. As a revenue on the balance sheet. B. As a deferred inflow on the balance sheet C. As revenue on the statement of revenues, expenditures, and changes in fund balance D. As an other financing source on the statement of revenues, expenditures, and changes in fund balance
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