A private college would record a federal grant received to test a medical device that the federal government intends to patent as Contributions-With Donor Restrictions.

Question

Quizplus · Accepted Answer

A federal grant for testing a medical device that the federal government intends to patent would be recorded as a research grant or contract and not as a contribution with donor restrictions in the accounting records of a private college.

A Private College Would Record a Federal Grant Received to Test