A Governmental Entity Is the Recipient of a Bequest of a Multi-Story

question 29

Multiple Choice

A governmental entity is the recipient of a bequest of a multi-story office building that the government intends to use as a new city hall.The building has a historical cost of $850,000; a book value in the hands of the benefactor of $700,000; and a fair value of $1,050,000.The city should recognize on its governmental fund financial statements, donations revenue of

• A) $-0-.
• B) $700,000.
• C) $850,000.
• D) $1,050,000.

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Definitions:

Desired Behaviors

Desired behaviors are specific actions or reactions that an individual or organization aims to encourage or cultivate, often to achieve a particular goal or standard.

Reinforcement

A process in behavior analysis used to increase the likelihood of a desired response by either presenting a rewarding stimulus (positive reinforcement) or removing an adverse stimulus (negative reinforcement).

Continuous Reinforcement

A method of learning in which every correct response is followed by a reward, fostering quick acquisition of a desired behavior.

Simplest

Pertaining to the least complicated or most straightforward version, form, or method of something.