The Following Information Pertains to Questions

question 37

Multiple Choice

The following information pertains to questions
Do-Good Inc.is a newly formed not-for-profit organization.On January,2012,its first day of operations,Do-Good purchased equipment costing $8,000.The equipment is estimated to have a useful life of 4 years,with no residual value at that time.This transaction was the only transaction that took place to date.
For question 14 through 16,assume that the equipment was purchased from a restricted fund contribution of $8,400.
-What would be the balance in the Capital Fund on December 31,2012?

• A)$4,400
• B)$6,400
• C)$400
• D)($1,600)

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Definitions:

Emotional Ups and Downs

The fluctuation of feelings and moods that an individual experiences over time, ranging from highs, such as happiness, to lows, like sadness.

Pubertal Hormones

Hormones that are significant in the development of secondary sexual characteristics and reproductive capabilities during puberty.

Frontal Lobes

The part of the brain located behind the forehead that is responsible for executive functions such as judgment, planning, problem-solving, and impulse control.

Maturation

The process of becoming mature, involving growth and developmental changes, both physically and psychologically.