Donations of Capital Assets Are Not Recognized in Governmental Funds

question 27

Multiple Choice

Donations of capital assets are not recognized in governmental funds.Rather, donated capital assets are recorded:

• A)​As liabilities with no future date
• B)​As general fixed assets
• C)​As special revenue funds
• D)As special government debt funds​

---

Definitions:

Estrogen

A group of hormones critical for the development and functioning of female reproductive tissues and the regulation of the menstrual cycle.

Menstruation

The monthly shedding of the uterine lining in non-pregnant women, typically accompanied by bleeding, marking the start of the menstrual cycle.

Refractory Period

A period immediately following a stimulus during which a nerve or muscle is unresponsive to further stimulation.

Orgasm

A peak of sexual pleasure characterized by intense sensations and involuntary muscle contractions, often accompanied by the release of sexual tension.