Use the Following Information to Answer the Question(s) Below

question 1

Multiple Choice

Use the following information to answer the question(s) below.

The town of Mayberry receives a gift of $500,000 in bonds. The contributor instructs that the principal should remain intact, but the annual interest income of $50,000 can be used for the maintenance of the zoo animals.

-When the donation of bonds is received,what account should be debited?

• A)Encumbrance
• B)Other Financing Sources
• C)Other Financing Uses
• D)Investment

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Definitions:

ICD

The International Classification of Diseases, a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures.

Inferences

The process of drawing conclusions or making logical judgments based on evidence or reasoning.

Logical

Pertaining to or characterized by clear, sound reasoning.

Succinct

Characterized by clear, precise expression in few words; concise and to the point.