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Can I get the answers for these please Key Terms Annuity agreements, 627 Spending rate, 626 Collections, 613 Split-interest agreements, 626 Endowments, 625 Term endowments,
Can I get the answers for these please
Key Terms Annuity agreements, 627 Spending rate, 626 Collections, 613 Split-interest agreements, 626 Endowments, 625 Term endowments, 625 Permanent endowments, 625 Total return, 626 Pooled (ife) income fund, 627 Selected American Institute of Certified Public Accountants. Audit and Accounting Guide References Not-for-Profit Entities, New York: AICPA, 2014. Financial Accounting Standards Board. Accounting Standards Codification, Section, 958 and 820. Norwalk. CT: FASB (on-line). Governmental Accounting Standards Board. Codification of Governmental Account. ing and Financial Reporting Srandards as of June 30, 2014. Norwalk, CT.2014 National Association of College and University Business Officers. Financial Accounting and Reporting Manual for Higher Education (e-FARM). ashington (on-line). Question 15-1. Identify the fir ancial stateniens that must be prepared by a private college or university and those that st ti prepared by a public college or university. 15-2 For each of the folowi,g situaioms explain how a private and a public univer- sity would record che transactio assume the grants are nonexchange): notifi- cation of a grant to be received in the next fiscal year; receipt of a grant with a purpose restriction; notification of a grant payable for only allowable costs related to the grant. 15-3. Private colleges and universities report temporarily and permanently restricted net assets. What, if any, comparable reporting is provided by publicuniversities Step by Step Solution
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