Question
22. Which of the following statements is correct? A. On the Statement of Changes in Unrestricted Net Assets for a nonprofit, private university, all expenses
22. Which of the following statements is correct?
A. On the Statement of Changes in Unrestricted Net Assets for a nonprofit, private university, all expenses are reported as decreases in unrestricted net assets.
B. The cash received from a donor to establish an endowments is
reported on the statement of financial position as a current asset.
C. A and B.
D. Neither A nor B.
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Andrew Schiff, Hsihui Chang, Woody M Liao, James L Boockholdt
5th Edition
0759340412, 978-0759340411
