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1 1 . The local school board received a donation of $ 1 , 0 0 0 , 0 0 0 to establish a scholarship

11. The local school board received a donation of $1,000,000 to establish a scholarship fund for graduating students. The scholarship is accounted for in a Private-Purpose Trust Fund. The fund would report
A. Additions of $1,000,000.
B. Revenues of $1,000,000.
C. A transfer of $1,000,000.
D. Capital contributions of $1,000,000.

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