Multiple Choice
Which of the following receipts may properly be accounted for as an increase in unrestricted net assets by a private college?
A) Student tuition and fees.
B) Gift from an alumnus for a new college of business building.
C) Federal grant for genetic research.
D) Acceptance of assets, the income from which will be paid to the donor.
Correct Answer:
Verified
Correct Answer:
Verified
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