In 2008 a Faculty Member at a Private College Received

question 89

Multiple Choice

In 2008 a faculty member at a private college received a grant from the National Science Foundation to conduct basic research on tree frogs in the amount of $350,000. Expenses associated with the grant totaled $225,000 in 2009. In the Statement of Activities for 2009, the college should show:

• A) Revenues of $350,000 and expenses of $225,000 in Temporarily Restricted Net Assets
• B) Revenues of $225,000 and expenses of $225,000 in Temporarily Restricted Net Assets
• C) Revenues of $225,000 and expenses of $225,000 in Unrestricted Net Assets
• D) Expenses of $ 225,000 in Unrestricted Net Assets and a decrease in Temporarily Restricted Net Assets of $ 225,000

---

Definitions:

Standard Output

Standard output is the default stream where a program writes its output data. It can be viewed on a display or redirected to a file.

Int Variables

Variables declared to hold integer values, which are whole numbers without a fractional part.

Index

An integer value that indicates a position within an array, list, or other data structures.

Character Position

Refers to the location of a character in a string, often based on an index starting from zero.