The City of Warwick Received $4,000,000 from One of Its

question 67

Multiple Choice

The City of Warwick received $4,000,000 from one of its most prominent citizens during the year ended June 30, 20X9. The donor stipulated that the $4,000,000 be invested permanently, and that interest and dividends earned on the investments be used to support the homeless people of Warwick. During the year ended June 30, 20X9, dividends received from stock investments amounted to $20,000, while interest received from bond investments amounted to $40,000. At June 30, 20X9, $10,000 of interest was earned, but it will not be received until July of 20X9. The fair value of the securities in which the $4,000,000 was invested had increased $8,000 by June 30, 20X9.
-Refer to the above information.On the statement of fiduciary net assets at June 30,20X9,the nonexpendable trust fund should report investments and interest receivable of:

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Meningitis

An inflammation of the membranes (meninges) surrounding the brain and spinal cord, often caused by infection.

Enuresis

A condition typically diagnosed in children over 5 years of age who involuntarily urinate during the day or night.

Encopresis

A condition in children characterized by the involuntary passage of feces, often associated with constipation and emotional issues.

Conduct Disorder

A severe psychological disorder in children and adolescents characterized by a long-term pattern of disregard for other people's rights, norms, and societal rules.