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What would be the amount of revenues reported

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Question - The Dunstown County general fund received a notice of a federal grant award for an expenditure-driven (reimbursement) grant in the amount of $1,000,000. Included with the notice was an advance of $250,000. During the year, the County incurred $400,000 of qualifying eligible grant expenditures, and no additional money had been received from the grantor. What would be the amount of revenues reported at the entity-wide level?

Reference no: EM132816380

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