A private,not-for-profit hospital uses a fund structure that includes a general fund and donor restricted funds.Contributions received from donors for research to be conducted by the hospital should be accounted for in the:

Question

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Donor-restricted funds are funds that are restricted for specific purposes by the donor. Therefore, contributions received from donors for research to be conducted by the hospital should be accounted for in a specific purpose fund. This fund is used to account for contributions that are restricted for specific purposes, such as research, education, and other similar activities.

A Private,not-For-Profit Hospital Uses a Fund Structure That Includes a General