A Local Industry Donated One of Its Properties to the Local

question 4

Multiple Choice

A local industry donated one of its properties to the local school district. The school district plans to convert it to needed classroom space. In the year of the donation, the transaction will affect

• A) The government-wide statements only.
• B) The General Fund and General Capital Assets accounts.
• C) The General Fund, the General Capital Assets accounts, and the government-wide financial statements.
• D) The General Capital Assets accounts and the government-wide financial statements.

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Definitions:

S&P 500

An index tracking the performance of 500 major U.S. companies listed on stock exchanges.

Home Bias

The tendency for investors to prefer investing in domestic over foreign markets, often leading to a lack of diversification in their portfolios.

Overweight Investments

An investment strategy where an investor or portfolio holds a larger percentage of a particular security or sector than the benchmark.

Preferential Treatment

Special privileges or advantages granted to certain investors or stakeholders, often resulting in more favorable financial conditions.