During the Year, a State-Owned University Received a $5 Million

question 19

Multiple Choice

During the year, a state-owned university received a $5 million gift.The donor specified that the principal of the gift must be held intact for 3 years, but the earnings from the gift can be used to support technology improvements in the College of Business.At the end of the 3 years, the donor together with the University President and the College Dean will decide how the $5 million gift can be used.The University will report the gift in what type of fund?

• A)Permanent fund.
• B)Private-purpose trust fund.
• C)Special revenue fund
• D)Plant fund.

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Definitions:

Steric Strain

A form of strain in molecules resulting from repulsive interactions when atoms are forced too close to one another, influencing molecule stability and reactivity.

Torsion Strain

Internal strain in a molecule caused by the electron cloud repulsions when bonds are twisted away from their preferred angles.

Carbon-Carbon Bond

A chemical bond between two carbon atoms, which can vary in nature from single to triple bonds.

Complete Combustion

A combustion reaction where the fuel is entirely consumed, producing only carbon dioxide, water, and energy, assuming ample oxygen supply.