A City Received a Grant of $5,000,000 from a Private

question 63

Multiple Choice

A city received a grant of $5,000,000 from a private agency. The money was to be used to build a new city library. In which fund should the money be recorded for the governmental fund financial statements?

• A) The General Fund.
• B) An Expendable Trust Fund.
• C) A Capital Projects Fund.
• D) An Agency Fund.
• E) A Permanent Fund.

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Definitions:

Magnetic Field

An area surrounding a magnetic substance or an electric charge in motion where magnetic forces are experienced.

Three-Phase Motors

Electric motors designed to operate on a three-phase alternating current supply, offering high efficiency and a smooth power delivery for industrial applications.

Degrees Out

A phrase indicating that something is misaligned or out of its proper orientation by a certain angle.

Magnetic Fields

Invisible fields produced by electric currents or magnetic materials, which exert forces on moving charges or other magnetic materials within the field.