A City Receives a $150,000 Grant from the State to Purchase

question 47

Multiple Choice

A city receives a $150,000 grant from the state to purchase vans to transport physically challenged individuals.During the current year the city receives the entire $150,000 and purchases one bus for $65,000 and issues a purchase order for another van for $60,000.The grant revenue that the city should recognize on the government-wide financial statements in the current year is

• A) $-0-.
• B) $ 65,000.
• C) $125,000.
• D) $150,000.

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Definitions:

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, contributing to health and well-being.

Responsible Mental Behavior

Responsible mental behavior refers to actions or thought processes that are guided by an awareness of the consequences and the willingness to accept responsibility for one’s mental wellbeing.

Health Disparities

Differences in health outcomes and determinants between different segments of the population, often influenced by social, economic, and environmental disadvantages.

Healthy Life

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity, often achieved through balanced diet, exercise, and healthy lifestyle choices.