Multiple Choice
_____ Under FAS 117, in the absence of donor stipulations, gains recognized on an endowment would be reported in the statement of activities as increases in
A) Unrestricted net assets.
B) Permanently restricted net assets.
C) Temporarily restricted net assets.
D) Board-restricted net assets.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q160: Contributions that create _ are permanently restricted
Q161: For a permanent endowment created by a
Q162: Regarding public C&U reporting, all public C&Us
Q163: Under FAS 116, unconditional promises to give
Q164: Under FAS 117, the statement of financial
Q166: Under FAS 116, a communication that is
Q167: _ In 2006, Medd City Hospital (MCH)
Q168: Endowment investment gains and losses on specific
Q169: The hierarchy for determining the appropriate category
Q170: Under FAS 117, only voluntary health and