Where should a cash grant received to support the operations of an Enterprise Fund be reported on that fund's statement of revenues, expenses, and changes in fund net position when it is earned?

Question

Quizplus · Accepted Answer

Cash grants received to support the operations of an Enterprise Fund should be reported as nonoperating revenues on the fund's statement of revenues, expenses, and changes in fund net position when it is earned. These grants are not generated from the fund's operations and are considered external sources of revenue.

Where Should a Cash Grant Received to Support the Operations