The Tullahoma School District's Print Shop Internal Service Fund received $25,000 from a state grant to help subsidize its printing operations. The Internal Service Fund will report this contribution as a

Question

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The $25,000 received from the state grant is considered a nonoperating revenue because it is not related to the Print Shop's regular business activities of providing printing services. Nonoperating revenues are reported separately from operating revenues on the financial statements.

The Tullahoma School District's Print Shop Internal Service Fund Received