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Which fund should the money be recorded for the governmental

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Problem 1: The city of Bainland received a grant of $5,000,000 from a private agency. The money was to be used to build a new city library. In which fund should the money be recorded for the governmental fund financial statements?

a. An Expendable Trust Fund.
b. A Capital Projects Fund.
c. The General Fund.
d. An Agency Fund.

Reference no: EM132811126

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