Multiple Choice
A contribution that is restricted by the donor to be held in perpetuity and for which the investment income can be spent at the discretion of a nongovernmental,not-for-profit hospital's governing board,will be reported as an increase to
A) Permanent funds.
B) Current restricted funds.
C) Permanently restricted net assets.
D) Specific purpose assets.
Correct Answer:
Verified
Correct Answer:
Verified
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