Question: What are permanently restricted assets
What are permanently restricted assets?
Answer to relevant QuestionsIf a donor gives a charity a gift that the charity must convey to a separate beneficiary, what is the normal method of reporting for each party?What is the difference between an unconditional promise to give and an intention to give?What financial statements are required for private not-for-profit colleges and universities?During the year ended December 31, 2010, Anderson Hospital (operated as a private not-for-profit organization) received and incurred the following:Fair value of donated medicines . . . . . . . . . . . . . . . . . . . . . . . ...Assume that this organization is a private college that charged students $600,000 but then provided$140,000 in financial aid. The $600,000 was reported as revenue; the $140,000 was shown as an expense. Both amounts were ...
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