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Question 6 Points out of 1.00 P Flag question Not yet answered A city received a donation of $10 million. The amount was to be
Question 6 Points out of 1.00 P Flag question Not yet answered A city received a donation of $10 million. The amount was to be set aside in an endowment fund with income only to be used to preserve and improve its parks. In the year it was received the $10 million should be Select one: A. recognized as revenue in a permanent fund B. recognized as revenue in a fiduciary fund C. recognized as revenue in a special revenue fund. D. recognized as a direct increase to fund balance in a permanent fund. O
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