The quasi-endowment fund of a University would account for funds set aside by
A) the governing board of the University for a future purpose.
B) a donor who is uncertain how they want the funds spent.
C) a legal restriction on an endowment which may change.
D) a trustee who makes the donation contingent upon a future event.
Correct Answer:
Verified
Q5: Which of the following is a mandatory
Q6: With the adoption of GASB statement #35
Q6: The loan fund would account for loans
A)
Q13: What is the basis of accounting used
Q13: Which of the following is NOT an
Q14: Where should an alumnus contribution of $10,000
Q26: Income earned on restricted endowment resources should
A)remain
Q37: Al Alumni donates $5,000,000 to Great University
Q44: Currently, which organization has jurisdiction over accounting
Q59: Government grants, like Pell Grants, which are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents