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A governmental hospital receives notice of a $ 1 0 0 , 0 0 0 grant ( a nonexchange transaction ) from the federal government

A governmental hospital receives notice of a $100,000 grant (a nonexchange transaction) from the federal government to conduct breast cancer research. The grant contains an eligibility requirement; that is, the hospital must incur costs and submit quarterly reports of allowable costs incurred. The reports are subject to audit.

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