The City of Oak Park Constructed a New Storage Facility

question 19

Multiple Choice

The City of Oak Park constructed a new storage facility using the city's own public works employees. Construction costs were incurred in the amount of $900,000, plus $25,000 in interest on short-term notes used to finance construction. What amount should be capitalized in the government-wide statements?

• A) $900,000.
• B) $925,000.
• C) $875,000.
• D) $0.

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Definitions:

Goal Shielding

Refers to the cognitive process of protecting one’s primary goal from interference by secondary goals, ensuring focus and increasing the likelihood of achieving the primary objective.

Goal Shielding

The process by which focusing on a primary goal allows an individual to resist distractions and inhibit irrelevant actions, thus shielding the goal from disruption.

Goal Shielding

The cognitive process of maintaining focus on a goal by avoiding distractions and disregarding irrelevant information or activities.

Committed

Describes a state of being dedicated or loyal to a cause, activity, or mission.