Which of the Following Would Be True as of January

question 51

Multiple Choice

Which of the following would be true as of January 1, 2009?

• A) An entry would be made debiting Expenditures and crediting Other Financing Sources-Capital Leases in a governmental fund, both in the amount of $21,062
• B) An entry would be made debiting Equipment and crediting Capital Leases Payable in a governmental fund, both in the amount of $21,062
• C) An entry would be made debiting Equipment and crediting Capital Leases Payable in a governmental fund, both in the amount of $25,000
• D) An entry would be made debiting Expenditures and crediting Other Financing Sources-Capital Leases in a governmental fund, both in the amount of $25,000

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Definitions:

Dictator Games

A type of economic experiment where one participant (the "dictator") determines how to split an endowment between themselves and another participant, with no repercussions or rewards for their choice.

Ultimatum Games

A game in experimental economics, where a proposer has to decide how to divide a certain amount of money with a responder, who can accept or reject the offer.

Time Inconsistency

The tendency of people to change their plans about future actions due to a preference for immediate gratification over long-term benefits.

Self-Control Problems

Issues related to an individual's difficulty in exercising restraint or choosing long-term benefits over short-term gratification.