An alumnus donates securities to St.Aloysius College,a private college,and stipulates that the principal be held in perpetuity and income from the securities be used for faculty travel.Dividends received from the securities should be recognized as increases in
A) Endowments.
B) Unrestricted net assets.
C) Permanently restricted net assets.
D) Temporarily restricted net assets.
Correct Answer:
Verified
Q3: Contributions or grants restricted by an external
Q17: Depreciation of a residence hall should be
Q18: Cactus College,a small private college,received a research
Q20: Which of the following statements is true
Q22: Assets that the governing board of a
Q23: Which of the following is not a
Q24: The following are key terms in Chapter
Q25: Culver City College,a public college,has a 10-week
Q26: Which of the following items would not
Q31: What type of college or university must
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