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10. Albany, NY received a $15,000,00 federal grant to finance the construction of a center for rehabilitation of drug addicts. The proceeds of this grant
10. Albany, NY received a $15,000,00 federal grant to finance the construction of a center for rehabilitation of drug addicts. The proceeds of this grant should be accounted for in the A. Special revenues fund. B. Enterprise fund. C. General fund. D. Capital projects fund. 15. On the statement of activities, federal homeland security grant monies to assist in paying for subsidies for public safety employees, utilities, and many other operational needs for New York City would be reported as: A. Charges for services. B. General revenues. C. Capital grants and contributions. D. Operating grants and contributions
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