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.

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Definitions:

Social Impact Theory

Social impact theory suggests that the amount of influence a person experiences in a group situation depends on the strength, immediacy, and number of other people in the group.

Social Expectation

Norms or standards that a society or community holds, which guide and shape behaviors and attitudes of its members.

Social Loafing

When working in a group, individuals tend to contribute less effort towards attaining a goal compared to when they operate solo.

Group Facilitation

The process of enabling a group to achieve its goals by improving its dynamics, processes, and interactions.