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An alumnus donates securities to a private college and stipulates that the principal be held in perpetuity and income from the securities be used for
An alumnus donates securities to a private college and stipulates that the principal be
held in perpetuity and income from the securities be used for faculty travel. Dividends
received from the securities should be recognized as increases in:
Deferred revenue.
Net assets without donor restrictions.
Endowments.
Net assets with donor restrictions.
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Financial Accounting The Cornerstone Of Business Decision Making
Authors: Jay S Rich, Jeff Jones, Linda Ann Myers
5th Edition
0357132696, 978-0357132692
