A Debt Service Fund Received a $100,000 Payment from the General

question 25

Multiple Choice

A Debt Service Fund received a $100,000 payment from the General Fund to finance upcoming debt service payments. During the year, Debt Service Fund payments of $50,000 interest and $60,000 principal were made as they become due. The Debt Service Fund statement of revenues, expenditures, and changes in fund balance should report

• A) An excess of revenues over expenditures of $50,000.
• B) An excess of expenditures over revenues of $10,000.
• C) An excess of expenditures over revenues of $50,000.
• D) An excess of expenditures over revenues of $110,000.

---

Definitions:

Ryff Well-Being Inventory

A psychological assessment tool that measures facets of well-being including autonomy, personal growth, and environmental mastery.

Environmental Mastery

The ability of an individual to effectively manage and alter their environment to suit their needs.

Purpose in Life

The sense of meaning, direction, and intentionality in an individual's existence.

Psychological Well-Being

A state, comprising aspects such as self-acceptance, personal growth, purpose in life, positive relations with others, environmental mastery, and autonomy, reflecting an individual's psychological functioning and satisfaction with life.