Unrestricted gifts and endowment income of a private university are reported as:

Question

Quizplus · Accepted Answer

Unrestricted gifts and endowment income of a private university are reported as revenues without donor restrictions on the statement of activities. This is because the statement of activities reports all revenues and expenses, including those without donor restrictions. The statement of changes in fund balances reports changes in the institution's net assets, but does not classify revenues and expenses by donor restrictions. The statement of current funds revenues, expenditures, and other changes only reports on the current fund and does not include endowment income.

Unrestricted Gifts and Endowment Income of a Private University Are