A school district receives a federal grant of $200,000 that is restricted to support a program designed to teach elementary school students a foreign language. The grant pays for only about five percent of the program costs. The remaining funds for the program come from a special tax levy made for this purpose. The program is accounted for in one fund. Which of the following funds could be used for this activity?
A) Special Revenue Fund.
B) Enterprise Fund.
C) General Fund.
D) Agency Fund.
Correct Answer:
Verified
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