An alumnus of a nonprofit,nongovernmental university establishes an endowment of $50,000.When the university receives the endowment from the donor,what account will the university credit?
A) Temporarily restricted revenues
B) Temporarily restricted support
C) Permanently restricted revenues
D) Permanently restricted support
Correct Answer:
Verified
Q4: For nonprofit,nongovernmental organizations,unconditional promises to give that
Q5: A gift-in-kind,for which the not-for-profit entity has
Q6: Not-for-profit,private colleges classify student unions,dining halls,and residence
Q7: Voluntary health and welfare organizations must report
Q8: Voluntary health and welfare organizations classify fund-raising
Q10: An alumnus made a donation of adjoining
Q11: Voluntary health and welfare organizations
A)may not have
Q12: On January 1,2011,a Voluntary Health and Welfare
Q13: The gift shop of a nonprofit,private hospital
Q14: In a nonprofit,nongovernmental hospital,courtesy allowances are
A)charity care
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