The federal government provided $500,000 to a university to develop and operate a bridging program for foreign-trained accountants.Which of the following statements about the above government transfer is correct?
A) This is a non-exchange transaction with an eligibility criteria.
B) This is a non-exchange transaction with a stipulation criteria.
C) This is an exchange transaction with an eligibility criteria.
D) This is an exchange transaction with a stipulation criteria.
Correct Answer:
Verified
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