A county receives $10,000,000 from a private foundation. The foundation requires that the county maintain the principal of this endowment, and income from its investment must be used to maintain county parks. The county reports activities related to this endowment in a permanent fund. During the year, the county invests the $10,000,000, earns investment income of $300,000, and spends $280,000 on park maintenance. At year-end, how does the permanent fund report fund balance?

A. Nonspendable $10,000,000 and restricted $20,000
B. Restricted $10,000,000 and committed $20,000
C. Restricted $10,000,000 and assigned $20,000
D. Nonspendable $10,000,000 and assigned $20,000

One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

Amanufacturer has paid an engineering firm $200,000 to design a new plant, and it will cost another $2 million to build the plant. in the meantime, however, the manufacturer has learned of a foreign company that offers to build an equivalent plant for $2,100,000. what should the manufacturer do?