9 eBook Print Question 17 Answer saved Marked out of 2.50 P Flag question What is the primary distinction between grant revenue and contract revenue when a college or university is the revenue recipient? Select one: a. Grant revenue is from federal agencies, and contract revenue is from state agencies. b. Grant revenue is from governmental agencies, and contract revenue is from business entities. O C. Grant revenue represents an outsourcing arrangement in which the paying entity receives the benefit of the work, and contract revenue is a nonexchange transaction in which the paying entity does not receive commensurate value. d. Grant revenue is a nonexchange transaction in which the paying entity does not receive commensurate value, and contract revenue represents an outsourcing arrangement in which the paying entity receives benefit of the work