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A not-for-profit organization uses the restricted fund method to account for contributions and has an endowment fund. How should the portion of investment income earned
A not-for-profit organization uses the restricted fund method to account for contributions and has an endowment fund. How should the portion of investment income earned from the investment of endowment contributions be accounted for if it is required to be used to maintain the purchasing power of the endowment?
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As investment income in the general fund.
As investment income in the endowment fund.
As a direct increase in net assets in the general fund.
As a direct increase in net assets in the endowment fund.
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