How should investment income earned from the investment of endowment contributions be accounted for if the not-for-profit organization uses the deferral method of accounting for contributions and the use of the investment income is restricted to a specific purpose?
A) As investment income.
B) As a deferred contribution.
C) As a direct increase in net assets.
D) As donation revenue.
Correct Answer:
Verified
Q32: How should that portion of investment income
Q33: Where should be endowment contributions presented in
Q34: A not-for-profit organization is required to record
Q35: Assuming a not-for-profit organization used the restricted
Q36: How should investment income earned from the
Q38: How should that portion of investment income
Q39: A not-for-profit organization receives a restricted contribution
Q40: An NFPO may exercise significant influence over
Q41: What reporting choices are given to Canadian
Q42: The Rift Valley Minor Hockey Association
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