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The city of Bainland received a grant of $5,000,000 from a private agency.The money was to be used to build a new city library.In which

The city of Bainland received a grant of $5,000,000 from a private agency.The money was to be used to build a new city library.In which fund should the money be recorded for the governmental fund financial statements?

a.An Expendable Trust Fund.

b.A Capital Projects Fund.

c.The General Fund.

d.An Agency Fund.

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