A Government Is the Recipient of a Bequest of a Multi-Story

question 9

Multiple Choice

A government is the recipient of a bequest of a multi-story office building that the government intends to sell to support program activities. 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 had not yet begun to try to sell the building when its annual financial statements were issued. 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.

---

Definitions:

Microorganisms

Tiny living organisms, often microscopic in size, that include bacteria, viruses, fungi, and protists.

Harmful Chemicals

Substances that can cause adverse health effects or environmental damage upon exposure.

Antibodies Produced

Refers to the process by which the immune system creates antibodies, which are proteins designed to recognize and neutralize specific antigens, such as viruses and bacteria.

Antibody-Mediated Immunity

A type of immunity that involves the production of antibodies by B cells in response to an antigen, providing targeted protection against pathogens.