Social Studies, 31.03.2020 18:22, Fatoucham1200
Fact Pattern: Early in Year 2, a nongovernmental not-for-profit entity (NFP) received a $2,000,000 gift. The donor specified that the gift be invested in a permanent endowment, with income restricted to provide speaker fees for a lecture series named for the benefactor. The NFP is permitted to choose suitable investments and is responsible for all other costs associated with initiating and administering this series. Neither the donor's stipulation nor the law addresses gains and losses on this permanent endowment. In Year 2, the investments purchased with the gift earned $50,000 in dividend income. The fair value of the investments increased by $120,000.
Question: 7 The $2 million gift from the benefactor should be recorded in the Year 2 statement of activities as an increase in
Permanently restricted net assets.
Answers: 3
Social Studies, 22.06.2019 07:00, zaacsantiesteba
What extraordinary role does learning think we can play in the universe?
Answers: 1
Social Studies, 22.06.2019 11:20, VBTSPILOTS2945
Which statement best describes an advantage of indirect democracy over direct democracy? a. it can make decision making more efficient b. it can citizens feel more connected to government c. it can be more responsive to citizens' interests d. it can better reflect the democratic principle of majority rule
Answers: 3
Social Studies, 22.06.2019 13:30, jisalinas5576
Based on this map, what can be concluded about the inca empire? (4 points) it was in a highlands region. it was in a mountainous region. it was in the amazon basin. it was in north america.
Answers: 2
Social Studies, 23.06.2019 08:00, FireFlight
Ais a way of expressing the relationship of a number, quantity, substance, or degree between two components
Answers: 1
Fact Pattern: Early in Year 2, a nongovernmental not-for-profit entity (NFP) received a $2,000,000 g...
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