On January 1, 2018, Muscat City receives an OMR 320,000 donation from a private company, that operates in Muscat. The terms of the trust agreement specify that the city is to use about OMR 160,000 each year for the next two years to help economically weaker sections to get food and medical support, Muscat city accepts the donation and, as allowed by the trust agreement, invests OMR 100,000 in highly rated bonds. The trust agreement also allows Muscat city to deduct OMR 3.000 for office expenses and managing the trust fund. At the end of the year, the fair value of the bonds increased to OMR 116,000. Considering the above case, what is the journal entry to record this fund acceptance by Muscat city shall be: Dr. Cash OMR 130,000 and Cr: Deductions - Contributions OMR 130,000 Dr: Cash OMR160,000 and Cr: Addition-Contributions OMR 160,000 Dr. Deductions - Contributions OMR 130,000 and Cr: Cash OMR 130,000 Dr. Cash OMR 320,000 and Cr: Addition- Contributions OMR 320,000 Pricing of government services is based on: 11:47 AM 27 out of Pricing of government services is based on: 1. Shortfall amount after considering contribution, other sources, and costs II. Market demand III. Total expenditure for the level of service IV. Competition question I and IV only I, II, III and IV only Ill and IV only I only + Which of the following government fund transactions use a modified accrual basis? 1. A government extended OMR 2 million to enhance power generation and supply unit. II. A city government uses general obligation bonds to finance the construction of a new administrative building. III. A government contributed OMR 3 million to a pension plan for frontline workers. > Ill only ll only Il and ill only I and II only On January 1, 2018, Muscat City receives an OMR 320,000 donation from a private company, that operates in Muscat. Th