Question
An alumnus donates serurityes to a private college and stipulates that the principal be held inperpetuity and income from the securities be used for faculty
An alumnus donates serurityes to a private college and stipulates that the principal be held inperpetuity and income from the securities be used for faculty travel. Dividends received from the securities should be recognized as increases in:
A. Endowments.
B. Unrestricted net assets
C. Permanently restricted net assets
D. Temporarily restricted net assets
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Control And Audit Of Minicomputer Systems
Authors: British Computer Society
1st Edition
0471261866, 978-0471261865
