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

question 10

Multiple Choice

The City of Warwick received $4,000,000 from one of its most prominent citizens during the year ended June 30,2009.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 30,2009,dividends received from stock investments amounted to $20,000,while interest received from bond investments amounted to $40,000.At June 30,2009,$10,000 of interest was earned,but it will not be received until July of 2009.The fair value of the securities in which the $4,000,000 was invested had increased $8,000 by June 30,2009.
-Refer to the above information.On the statement of fiduciary net assets at June 30,2009,the nonexpendable trust fund should report investments and interest receivable of:

Definitions:

Archaeologists

Scientists who study human history and prehistory through the excavation of sites and the analysis of artifacts and other physical remains.

Sites

Locations or places where significant events have occurred or where particular physical structures exist, often of historical, cultural, or archaeological interest.

Physiological Adaptations

Changes in an organism's internal processes that allow it to survive and thrive in its specific environment.

Environmental Stimuli

External factors or changes in the environment that can provoke physical or behavioral responses in living organisms.