What is the difference between an unconditional promise to give and an intention to give?
Answer to relevant QuestionsWhen should membership dues be considered revenue rather than contributions?Which organization is responsible for issuing reporting standards for private not-for-profit colleges and universities?1. The Jones family lost its home in a fire. On December 25, 2010, a philanthropist sent money to the Amer Benevolent Society, a not-for-profit organization, specifically to purchase furniture for the Jones family. During ...The College of Central North (a private school) has the following events and transactions:(a) On January 1, Year 1, the board of trustees voted to restrict $1.9 million of previously unrestricted investments to construct a ...The University of Danville is a private not-for-profit university that starts the current year with $700,000 in net assets: $400,000 unrestricted, $200,000 temporarily restricted, and $100,000 permanently restricted. The ...
Post your question