During the Years Ending June 30,2016,and June 30,2017,Jefferson University Conducted

question 9

Multiple Choice

During the years ending June 30,2016,and June 30,2017,Jefferson University conducted a cancer research project financed by a $3,000,000 gift from an alumnus.This entire amount was pledged by the donor on July 10,2015,although he paid only $800,000 at that date.The gift was restricted to the financing of this particular research project.During the two-year research period,Jefferson related gift receipts and research expenditures were as follows: How much gift revenue should Jefferson University report in the temporarily restricted column of its statement of activities for the year ended June 30,2017?

• A)$3,000,000
• B)$1,600,000
• C)$1,200,000
• D)$0

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Definitions:

Dorsal Thorax

The back portion of the chest area, encompassing the region where the rib cage and spine are located.

Sensation

The process and perception of detecting stimuli from the environment through sensory organs and translating it to the brain.

Movement

The act or process of changing position or place, facilitated by the muscular system and the nervous system.

Perineurium

Connective tissue sheath surrounding a nerve fascicle.