The City Civic Center Commission (a city agency) charges a fee for use of the civic center. The fees are not intended to cover the predominant portion of the cost of operating the civic center and are not pledged to service any related debt. The civic center: O A. is not permitted to be accounted for in an enterprise fund. B. is permitted to be accounted for either in an enterprise fund or as a general government activity. O C. must be accounted for in an enterprise fund. O D. must be accounted for in an internal service fund. Submit Answers Which of the following increase net position in the GCA-GLTL accounts? A. Issuance of general long-term debt B. Purchase of general government equipment for cash C. Purchase of general government office supplies for cash D. Sale of general government equipment at again Submit Antw A government received (in cash) a grant of $800,000 restricted to a specific general government program. No expenditures were incurred for the program in the year that the grant was received. Seven-hundred and fifty- thousand dollars of qualifying expenditures were incurred under the grant provisions in the next fiscal year. What amount of grant revenues should the government report in each of the two years, respectively? A. $0 and $750,000 B. $0 and $800,000 C. $400,000 and $400,000 D. $800,000 and $0 Submit Answers