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If a university receives a reimbursement grant, when should the revenue associated with the grant be recognized? when the cash is received when the grant

If a university receives a reimbursement grant, when should the revenue associated with the grant be recognized?

when the cash is received

when the grant is announced by the granting agency (when the university knows it is going to get the grant)

at the beginning of the fiscal year of the granting agency

when qualified expenditures covered by the grant are made

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