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:

Double-Edged Sword

A situation or decision that has both positive and negative consequences or effects.

Head Control

The developmental milestone where an infant gains the ability to hold their head up independently.

Newborns

Infants who are within the first few weeks of life after birth.

Hand Skills

Abilities involving the use of the hands, including fine motor skills such as writing, grasping, and manipulating objects.