On January 1,2011,the Enterprise Fund for a Local City Receives

question 21

Multiple Choice

On January 1,2011,the Enterprise Fund for a local city receives an operating grant of $100,000 cash from the state government.Upon receipt of the cash,qualifying expenses of $200,000 for the operating grant have been incurred.What journal entry did the Enterprise Fund prepare on January 1,2011?

• A)Debit Cash $100,000,credit Deferred Revenue $100,000
• B)Debit Cash $100,000,credit Contributed Capital $100,000
• C)Debit Restricted Cash $100,000,credit Nonoperating Revenues $100,000
• D)Debit Restricted Cash $100,000,credit Other Financing Sources - operating grant $100,000

---

Definitions:

Materialism

Philosophical position that behavior can be explained as a function of the nervous system without recourse to the mind.

Brain Workings

The complex processes and functions of the brain, including thought, emotion, and motor control.

Neuroscientists

Scientists specialized in the study of the nervous system and brain, working to understand its structure, functions, and disorders.

Nervous Systems

The network of nerve cells and fibers that transmits signals between different parts of the body, coordinating and regulating bodily functions.