When a Cash and Investment Pool of a Certain City

question 6

Multiple Choice

When a cash and investment pool of a certain city was established,the debt service fund transferred investments to the pool having a cost of $3,000,000 but a current fair market value of $3,100,000.To record this transaction,the journal entry made by the debt service fund will include:

• A) A debit to Equity in Pooled Cash and Investments in the amount of $3,000,000.
• B) A credit to Revenues-Change in Fair Value of Investments in the amount of $100,000.
• C) A debit to Investments in the amount of $3,000,000.
• D) A credit to Investments in the amount of $3,100,000.

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Definitions:

Subarachnoid Space

The gap between the arachnoid membrane and the pia mater around the brain and spinal cord, filled with cerebrospinal fluid.

Polar

Referring to a molecule with electrical poles, characterized by an uneven distribution of charges, resulting in a molecule having a partially positive end and a partially negative end.

Cervical Enlargement

The thickening of the spinal cord in the neck region.

Sensory Tracts

Pathways in the nervous system that transmit sensory information from the peripheral body parts to the brain.