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A state university receives an allocation of 5 million from the state for capital projects and another allocation of 20 million for other purposes. How
A state university receives an allocation of 5 million from the state for capital projects and another allocation of 20 million for other purposes. How should the amounts received be reported in the income statement, expenses and changes in the net position of the university? A. 20 million operating income and 5 million capital contribution, B. 20 million non-operating income and 5 million capital contribution, C. 25 million non-operating income
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