The Government of Canada has recently promised infrastructure funding for qualifying municipal projects. Assume that you are a program financial advisor with the federal government. The City of Trent has submitted a transit-project proposal and has been approved as a recipient under the infrastructure program. In order to collect grant funding, the City must secure an equivalent amount of funding from the provincial government. At year end, the provincial government's commitment is still pending. What is the appropriate accounting treatment for the federal government at year end and why? Do not recognize an expense because the cash has not been provided to the City of Trent. Do not recognize an expense because stipulations have not been met. Recognize an expense because the grant has been authorized. Do not recognize an expense because eligibility criteria have not been met