A Local Citizen Donated Land to the City's Private-Purpose Trust

question 38

Multiple Choice

A local citizen donated land to the city's Private-Purpose Trust Fund. The land has a fair market value of $50,000 but the donor's basis was $45,000. The trust fund will report

• A) Additions of $50,000.
• B) Additions of $45,000.
• C) Capital contributions of $50,000.
• D) Capital contributions of $45,000.

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Definitions:

Problem-focused Coping

A coping strategy aimed at addressing the cause of stress in a practical way by either removing the stressor or reducing its impact.

Aerobic Exercise

Physical activity that increases the heart rate and the body’s use of oxygen, thereby improving overall fitness.

Serotonin

A neurotransmitter that is involved in mood regulation, appetite control, and sleep among other physiological processes.

Stressful Environment

A situation or setting that causes significant anxiety, tension, or stress.