Which of the Following Statements Is False

question 64

Multiple Choice

Which of the following statements is false?

• A) A contribution is recorded as revenue when the promise to give is unconditional.
• B) Fixed assets acquired with either unrestricted or restricted sources may ONLY be recorded initially as temporarily restricted and then reclassified in accordance with the depreciation schedule.
• C) Museum and other inexhaustible collections may or may not be capitalized and recorded in the accounts.
• D) If services are required for student aid (i.e. Graduate assistantships), the revenue account is shown at the gross amount, and an expense is charged.

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Definitions:

Pleasant Memories

Recollections that are enjoyable and positive.

Evoked

Brought about or called to mind; in neuroscience, it can refer to responses or potentials generated by the brain in reaction to a stimulus.

Olfactory Receptor Cells

Specialized neurons in the nose involved in the detection of odor molecules, playing a key role in the sense of smell.

Bypassing Thalamus

Refers to the process where certain sensory inputs (typically olfactory) are processed directly by the brain without first passing through the thalamus, unlike other sensory information.