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A local government has been awarded a state grant to finance a fine arts program,...

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Accounting

A local government has been awarded a state grant to finance a fine arts program, but the state will provide reimbursement only after the grantee has incurred
expenditures related to the fine arts program this is an example of which of the following?
A voluntary nonexchange transaction with an eligibility requirement
A voluntary nonexchange transaction without an eligibility requirement
A voluntary exchange transaction with an eligibility requirement
exchange transaction eligibility requirement without an eligibility requirement
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