Gifts of Capital Assets Are Recorded in I

question 2

Multiple Choice

Gifts of capital assets are recorded in i. proprietary fund, if use is related to the purpose of that fund
ii. general fund, if use is related to the overall general government function and is planned to be held (not sold)
iii. capital assets, if use is related to the overall general government function and is planned to be held (not sold)

• A) I
• B) II
• C) III
• D) I and III

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Definitions:

Persistence

The quality of continuing steadfastly or firmly in some state, purpose, or course of action, despite difficulties or opposition.

Occupational Status

The position or rank of an individual's job within the hierarchy of a profession or society.

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, negatively affecting social and health aspects.

Maladaptive

Behaviors or actions that are counterproductive to coping with problems or situations effectively, often worsening the situation.