A Private School Is Given $40,000 to Permanently Endow One

question 19

Multiple Choice

A private school is given $40,000 to permanently endow one of its education programs. A debit of $40,000 should be made to

• A) Cash.
• B) Unrestricted cash.
• C) Temporarily restricted cash.
• D) Cash restricted for endowment.

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Definitions:

Compressed

Subjected to increased pressure or compacted into a smaller volume.

New Pressure

A term potentially referring to a fresh or recently applied force per unit area, not recognized as a standard scientific term.

Gay-Lussac's Law

A gas law stating that the pressure of a given amount of gas varies directly with its absolute temperature, provided the volume is kept constant.

Temperature

A physical quantity that expresses the subjective perceptions of hot and cold, measured with a thermometer.