Cal City maintains several major fund types. The following were among Cal's cash receipts during the current year:
Unrestricted state grant $1,000,000
Interest on bank accounts held for
employees pensions plan $200,000
What amount of these cash receipts should be accounted for in Cal's general fund?
a) $1,200,000
b) $1,000,000
c) $200,000
d) $0
Answer: B
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