Author Question: A local town received a donation of 300,000 . The donor stipulated that the money be invested with ... (Read 60 times)

RRMR · **on:** Jul 5, 2018

A local town received a donation of 300,000 . The donor stipulated that the money be invested with the investment earnings being used to provide funding for the town's recreation programs while the principal is to remain intact.

The town should record the 300,000 as
A. an other financing source in the General Fund.
B. an other financing source in a Permanent Fund.
C. a revenue in a Permanent Fund.
D. a Capital Contribution in a Permanent Fund.

Question 2

Which of the following is NOT one of the three steps in decision making as described in the text
a. action
b. intelligence
c. design
d. choice