How should endowment investments that are permanent in nature be reported on a university Statement of Net
Question:
How should endowment investments that are permanent in nature be reported on a university Statement of Net Assets?
a. As a noncurrent asset
b. As a current or noncurrent asset as per the donor’s specification
c. As a current asset
d. As part of the university’s general cash and investments
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Endowment investments that are permanent in nature should typically be reported on a universitys Sta...View the full answer
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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