The Victoria Fund, a child welfare fund, received $50,000 in cash in the current year. The donor

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The Victoria Fund, a child welfare fund, received $50,000 in cash in the current year. The donor requires the gift be held in perpetuity and that the income from investing this money may be used for its program of promoting adoption of young girls.

How should the gift be reported in the Victoria Fund\'s financial statements?

Posted Date: May 13, 2024 12:46 AM

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The Victoria Fund, a child welfare fund, received $50,000 in cash in the current year. The donor

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The gift of 50000 to the Victoria Fund should be reported as follows in the financial statements 1 S... View the full answer

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