If a Donor Selects a Scholarship Recipient, and Then Donates

question 63

Multiple Choice

If a donor selects a scholarship recipient, and then donates cash to a ballet school to fund that scholarship, the ballet school would:

• A) Record the donated cash as a contribution.
• B) Record a revenue and when the award is used by the recipient, an expenditure for the same amount is recorded.
• C) Record the scholarship awarded as a reduction of revenue.
• D) Record a liability, as it is merely acting as an agent for the donation.

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Definitions:

Steering Knuckles

Components in a vehicle's suspension system that connect the wheel to the axle, allowing for steering movements.

Thrust Angle

The angle that the rear wheels make relative to the vehicle's longitudinal axis, important for proper alignment and handling.

Camber

The angle of the wheels in relation to the road surface, seen from the front of the vehicle, which can affect tire wear and vehicle handling.

Caster

The angle of the steering axis in a vehicle, which affects stability, steering effort, and cornering behavior.