Nonprofit entities establish endowments when a donor contributes assets and makes certain specifications, including what? Select one:

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a. That the nonprofit's board of trustees should decide how to use the contributed assets

b. How earnings and gains from investing those assets must be used.

c. That the nonprofit can keep the contributed assets until they become underwater

d. The types of securities in which the contributed assets must be invested

Related Book For answer-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Posted Date: Feb 09, 2024 03:14 AM

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Nonprofit entities establish endowments when a donor contributes assets and makes certain specifications, including what? Select one:

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The detailed answer for the above question is provided below The most likely answer is b How earn... View the full answer

Government and Not for Profit Accounting Concepts and Practices

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