Mr. Harvey Robinson donated $2,000,000 to the University of Aggiemania with the stipulation that earnings of the
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a. Prepare the entry(ies) needed to record the gift, assuming a government university.
b. What effect results from the expiration of the term of the endowment, assuming a government university?
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a CashEndowments 2000000 RevenuesEndowment Gifts 2000000 ...View the full answer
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Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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