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How much should the city report as grant revenue for year

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Question - During year 5 the city of Bellaire received a $120,000 grant from the state for special "meals for the homeless" program required to be administered by the city ratably at $40,000 per year over the next three years, beginning in year 6.

How much should the city report as grant revenue for year 5?

Reference no: EM132246595

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