An alumnus donates securities to a private college and stipulates that the principal be held in perpetuity and income from the securities be used for faculty travel. Dividends received from the securities should be recognized as increases in:
A. Endowments.
B. Unrestricted net assets.
C. Permanently restricted net assets.
D. Temporarily restricted net assets.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An alumnus donates securities to a private college and stipulates that the principal be held in perpetuity and income from the securities ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
When an organization develops integrated manufacturing systems such as advanced 10) manufacturing technology and just-in-time inventory control, it needs to assess the employee skills required to run these systems and train them accordingly.
Answers (1)
Tyrol Company creates a subsidiary, Venice Company. Tyrol transfers cash of $50,000, land with both a cost and book value of $175,000, and a building with a cost of $150,000 and a book value of $100,000 to Venice, in exchange for all 500,000 shares
Answers (1)
Employees who are payed a set annual wage redardless of the number of hours worked or the amount if work completed are paid on a
Answers (1)
AllWeather makes umbrellas and uses a process cost system. Each day, AllWeather produces 640 umbrellas; each accounting period, AllWeather produces 18,200 umbrellas; each year, AllWeather produces 72,000 umbrellas.
Answers (1)
You have two clients that are considering trading machinery with each other. Although the machines are different from each other, you believe that an assessment of expected cash flows on the exchanged assets will indicate the exchange lacks
Answers (1)
New Questions in Business
Which is the correct expansion of the term Internet? A. Internetwork B. Institutional Network C. Instructional Network D. International Network
Answers (1)
There are six teens, two babies. one 17 year old and the rest are 18 and over. They want to buy a house with four or five bedroom with some acreage. they have dogs, cats, and horses.
Answers (1)
Costa Rica is a top exporter of coffee. The highest quality coffee is sold abroad, and the lower quality coffee is consumed by native Costa Ricans.
Answers (1)
Kraft, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2015.
Answers (1)
Suppose you put $800 per month into a Roth IRA, that pays 8% APR (compounded monthly). Assume you have nothing saved today, calculate the future value of the retirement account 30 years from today. (Enter a positive value and round to 2 decimals)
Answers (1)