Multiple Choice
_____ Under FAS 117, income earned from endowments (permanent) that can be spent on only certain programs but that has not yet been spent would be reported in the statement of activities in the
A) Permanently restricted category.
B) Temporarily restricted category.
C) Unrestricted category.
D) Temporarily restricted category or unrestricted category.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: For a permanent endowment created by a
Q47: Promises with future payment dates would usually
Q48: For a permanent endowment created by a
Q49: _ Under FAS 117, which of the following
Q50: _ For a public C&U engaged in business-type
Q52: _ Which of the following statements is not
Q53: _ Under FAS 117, income earned from endowments
Q54: _ A nonprofit organization has been receiving free
Q55: In determining the appropriate category of net
Q56: _ Under FAS 116, which of the following