Q1.

Investments in equity securities that have a readily determinable market value and all debt securities of a nongovernmental nonprofit organization are reported on the balance sheet at

a) Lower of cost or market.

b) Fair value.

c) Cost.

d) Amortized cost

Colleges and universities record tuition and fee revenue in the

a.	Restricted current fund	c.	General fund
b.	Restricted operating fund	d.	Unrestricted current fund

A contribution is conditional if the donor specifies

a.	a remote event that might prevent the contribution from occurring	c.	the contribution is paid upon death
b.	a future or uncertain event that must occur before the contribution is made	d.	the contribution is to be paid at a future time