Pass-Through Grants Are Accounted for

Pass-through grants are accounted for

A) Only in Agency Funds.
B) By increasing or decreasing governmental fund assets and liabilities to reflect the agency relationship-no revenues are reported in the governmental fund.
C) As revenues and expenditures or expenses in the appropriate fund of the pass-through entity (primary recipient) .
D) As other financing sources and other financing uses in the appropriate fund of the pass-through entity (primary recipient) .