Which of the following would be a contribution to increasing permanently restricted net assets ? A) A
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Question:
A) A contribution by a donor in the amount of $1,000,000, set aside by the governing board as funds not to be expended.
B)A contribution by a donor in the amount of $1,000,000 to be used to acquire fixed assets.
C)A contribution of $1,000,000 to fund an endowment.
D)None of the above
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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