A City Receives a $200,000 Grant from the State to Purchase

question 23

Multiple Choice

A city receives a $200,000 grant from the state to purchase vans to transport physically challenged individuals.During the current year the city receives the entire $200,000 and purchases one bus for $85,000 and issues a purchase order for another van for $80,000.The grant revenue that the city should recognize on the government-wide financial statements in the current year is

• A)$-0-.
• B)$ 85,000.
• C)$165,000.
• D)$200,000.

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Definitions:

Compound

A chemical substance made up of two or more elements combined in a specific ratio, distinct in its chemical composition and properties.

Cyclic Molecule

A molecule that forms a ring structure, often leading to unique chemical properties compared to their linear counterparts.

π Molecular Orbital

A molecular orbital formed by the lateral overlap of atomic orbitals, characterized by an electron distribution above and below the plane of the atomic centers.

σ Molecular Orbital

A symmetrical molecular orbital formed by the head-on overlap of atomic orbitals, where electron density is concentrated along the axis connecting nuclei.