Which of the Following Would Be Considered an Asset Limited

question 16

Multiple Choice

Which of the following would be considered an asset limited as to use?

• A) Cash donated for an endowment.
• B) Cash from a federal research grant, which is to be used for water quality research.
• C) Cash the board of directors has designated for equipment acquisitions.
• D) Cash contributions that are to be used for the building fund.

---

Definitions:

Water Table

The upper level of an underground surface in which the soil or rocks are permanently saturated with water.

Elevations

The height of a geographical location above a reference point, typically sea level, affecting climate, vegetation, and human activities.

Contour Map

A map that uses contour lines to represent elevations and the slope of the ground surface.

Groundwater Flow

The movement of water through the Earth's subsurface, typically through porous soil and rock layers.