menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Accounting
  4. Exam
    Exam 11: College and University Accounting Private Institutions
  5. Question
    Funds That Are Restricted for a Certain Number of Years
Solved

Funds That Are Restricted for a Certain Number of Years

Question 98

Question 98

True/False

Funds that are restricted for a certain number of years and then released are considered to be term endowments and are classified as temporarily restricted funds by private colleges and universities.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: Investor-owned proprietary schools are subject to the

Q55: Identify the primary financial reporting body for

Q63: Private colleges and universities recognize contribution revenue

Q94: A donor made a gift of cash

Q95: If the receivable for a student is

Q96: On December 1,2015,St.Sebastian University,a private college,received cash

Q97: What is the basis of accounting for

Q99: The NACUBO Financial Accounting and Reporting Manual

Q100: Private colleges and universities and investor-owned proprietary

Q101: Ballard University,a private not-for-profit,billed four students for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines