The Turtle Island Singers Receive Three Gifts During the Year

question 28

Multiple Choice

The Turtle Island Singers receive three gifts during the year 2012: (a) $3,000,which may be used for any purpose at any time; (b) $5,000,which must be used for a special concert in a nursing home;and (c) $1,000,which may be used for any purpose,but only in the year 2013.When it receives the gifts,how should the entity classify them:

• A)$3,000 as unrestricted revenue and $6,000 as temporarily restricted revenue
• B)$4,000 as unrestricted revenue and $5,000 as temporarily restricted revenue
• C)$8,000 as unrestricted revenue and $1,000 as temporarily restricted revenue
• D)$9,000 as unrestricted revenue

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Definitions:

Brain Development

Refers to the process of growth and maturation of the brain over time, including changes in structure, function, and connectivity that occur from infancy through adulthood.

Myelination

The process of forming a myelin sheath around a nerve to allow nerve impulses to move more quickly.

Synaptic Pruning

A neurological process in which synapses (the connections between neurons) that are not used frequently are eliminated, leading to a more efficient synaptic organization.

Myelination

The process of forming a myelin sheath around the nerves, improving the speed and efficiency of neural communication.