What is the rationale for accounting for (non- expendable) endowment funds on a full, rather than a

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What is the rationale for accounting for (non- expendable) endowment funds on a full, rather than a modified, accrual basis? Why is it important that depreciation be charged on capital assets held as fiduciary fund investments?

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Core Concepts of Government and Not For Profit Accounting

ISBN: 978-0471737926

2nd edition

Authors: Michael H. Granof, Penelope S. Wardlow

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Question Posted: Apr 29, 2015 02:31 AM

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What is the rationale for accounting for (non- expendable) endowment funds on a full, rather than a

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The full accrual basis helps to assure that adminis...View the full answer

Core Concepts of Government and Not For Profit Accounting

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