A Farmer Donated a Large Tract of Land and a Building

question 64

Essay

A farmer donated a large tract of land and a building to a community group for use as a recreation center. The agreement provided that the recreation center employ 50 people for 10 years. The land was appraised for $150,000 and the building at $75,000.
Required:
1) Prepare the journal entry to record the acquisition of the land and building.
2) How should the 10 year agreement be reported in the financial statements?

Understand various techniques used in communication and their applications.

Identify and explain the purpose of reflection techniques in social work.

Analyze scenarios to determine suitable communication techniques for effective social work.

Demonstrate knowledge of the application of double-sided reflections in handling client indecision and emotional expressions.

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Definitions:

James-Lange Theory

A theory of emotion proposing that emotions result from physiological reactions to events.

Bodily Responses

Refers to the physiological reactions or changes in the body that occur in response to stimuli or emotions.

External Stimulus

An external stimulus is any factor, signal, or condition outside of an organism that can elicit a physiological or psychological response from it.

Controlling Emotion

The process of managing one's feelings to appropriately respond to various situations and to achieve emotional well-being.