The Following Information Applies to the Next Three Questions

question 65

Multiple Choice

The following information applies to the next three questions:
A private foundation made a multi-year pledge to a private college on December 31, 2014, the last day of the fiscal year. The pledge was to pay $15,000 per year each year for five years, beginning on December 31, 2015. The discount rate is 6%. The present value of five payments of $15,000 is $63,185. The present value of four payments of $15,000 is $51,977. No purpose or plant restrictions were involved.
-The private college would:

• A) Record contribution revenue of $3,792 in 2014.
• B) Record contribution revenue of $3,792 in 2015.
• C) Record interest revenue of $3,792 in 2014.
• D) Record interest revenue of $3,792 in 2015.

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Definitions:

Nursing Diagnosis

A clinical judgment about individual, family, or community experiences/responses to actual or potential health problems/life processes.

Tracheostomy Tube

A tube inserted through a surgically created hole in the front of the neck into the trachea, to aid breathing.

Communication Role

The function or part an individual plays in the exchange of information, ideas, or feelings with others.

Receiver

In communication, the party who receives and interprets the message sent by a sender.