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:

Cardiac Arrest

This is a sudden loss of heart function, leading to a lack of blood flow and oxygen to the body's organs; it requires immediate medical attention.

Obsessive-Compulsive Disorder

A mental disorder characterized by recurrent, unwanted thoughts (obsessions) and/or repetitive behaviors (compulsions) that the individual feels driven to perform.

Anxiety-Provoking Thoughts

Thoughts that lead to or exacerbate feelings of anxiety.

Repetitive

Involving or characterized by repetition, often excessively so.