Question
Under the deferral method, how should endowment contributions be recognized? a. As revenue in the endowment fund. b. According to the terms of the endowment
Under the deferral method, how should endowment contributions be recognized?
a.
As revenue in the endowment fund.
b.
According to the terms of the endowment agreement.
c.
As direct increases in net assets in the period they are received.
d.
As revenue in the year they are received.
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
