An Enterprise fund receives a $100,000 capital grant and uses the funds to partially finance the purchase of a $175,000 capital asset. The Enterprise Fund will report
A) Revenues of $100,000 and expenses of $175,000.
B) Nonoperating revenues of $100,000 and capital assets of $175,000.
C) Capital contributions of $100,000 and expenses of $175,000.
D) Capital contributions of $100,000 and capital assets of $175,000.
Correct Answer:
Verified
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