A Government University That Chooses to Report as a Business-Type

question 16

Multiple Choice

A government university that chooses to report as a business-type special purpose government, purchases land for a planned dormitory by securing a ten year bank loan. The entry to record the purchase and procurement of funding would include

• A) A debit to assets.
• B) A credit to fund balance.
• C) A debit to expenditures.
• D) A credit to other financing sources.

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Definitions:

Nature

The inherent characteristics and genetic makeup of an organism, often contrasted with nurture, which involves environmental factors.

Nurture

The influence of external factors like environment, upbringing, and education on an individual's development.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which they're learned.

Introspection

The examination of one's own thoughts, feelings, and sensations as a method of psychological analysis.