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

question 65

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:

Union Bylaws

written rules and regulations governing the operation and management of a labor union, including membership requirements, officer duties, and meeting protocols.

Union Avoidance

Strategies and practices employed by employers to discourage workers from joining or forming unions.

U.S. Labor Law

The body of laws, administrative rulings, and precedents governing the legal rights of, and restrictions on, workers and their organizations in the United States.

Democratic Procedures

Processes and methods that follow the principles of democracy, typically involving inclusive participation, equal voting rights, and majority rule in decision-making.