During the Current Year, Kayla University Received a $50,000 Gift

question 17

Multiple Choice

During the current year, Kayla University received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries.During the year the university spent $8,000 to support travel to a health care conference in Italy.The $8,000 disbursement will cause a NET decrease in which class of net assets?

• A)Unrestricted net assets.
• B)Temporarily restricted net assets.
• C)Permanently restricted net assets.
• D)Cannot be determined.

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Definitions:

Evolutionary View

A perspective in psychology (and other sciences) that seeks to explain traits, behaviors, and mental processes as adaptations that have evolved to solve recurrent problems faced by ancestral humans.

Phobias

Intense, irrational fears of specific objects, situations, or activities that result in severe anxiety and avoidance behaviors.

Depression

A common but serious mood disorder that affects how you feel, think, and handle daily activities, necessitating medical diagnosis and treatment.

Mania

A mental health condition characterized by extremely high energy levels, euphoria, or irritability, often associated with bipolar disorder.