Which of the Following Activities Would Most Appropriately Be Recorded

question 22

Multiple Choice

Which of the following activities would most appropriately be recorded by a custodial fund?

• A) Donations collected for improvements to the public library.
• B) Deposits held for customers of a municipal-owned electric utility.
• C) Taxes collected by a county government on behalf of cities within the county.
• D) Assets held for college scholarships to be awarded to the children of police officers.

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Definitions:

Industrialization

The process of transforming economies from primarily agrarian to one based on the mass production of goods, typically through mechanization.

Countryside

refers to rural areas characterized by open and natural landscapes, lower population density, and primarily agricultural or pastoral activities, as opposed to urban regions.

City

A large and densely populated urban area; it may serve as a political, economic, educational, and cultural center.

Technological Advances

Technological advances refer to the progress and innovations in technology that enhance efficiency, productivity, and the quality of life.