CPA Business Analysis and Reporting (BAR) Question of the Day
Test your knowledge with a hand-picked multiple-choice question.
Lakeview County received a state operating grant restricted to support current-year public safety dispatch salaries up to 1,200,000. By year-end, the County had incurred 900,000 of eligible salary costs; the state will reimburse next month. Lakeview reports under GASB standards and presents both fund financial statements and government-wide statements. The dispatch function is reported within the County's public safety activities. No revenue was received in advance, and all eligibility requirements for the 900,000 had been met. The County must determine the proper classification of this grant activity in the government-wide statement of activities.
Which classification is correct in the government-wide statement of activities?