Income Earned on Restricted Endowment Resources Should​

question 45

Multiple Choice

Income earned on restricted endowment resources should​

• A)​remain in the endowment fund.
• B)​be transferred and recorded directly in the unrestricted fund.
• C)​be recorded in the endowment fund with a liability established for future transfer to an unrestricted fund.
• D)​transferred immediately and recorded directly to the fund the donor designate to receive the income/benefit.

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Definitions:

Collagen Synthesis

The biological process by which cells produce collagen, a vital protein that gives structure and strength to skin, bones, and connective tissues.

Reticular Layer

The deeper layer of the dermis in the skin, comprised mainly of dense irregular connective tissue, which provides strength and elasticity.

Dermatitis

An inflammation of the skin that leads to itchiness, redness, and sometimes swelling, which can be caused by allergies, irritants, or genetic factors.

Inflammatory Condition

A response of body tissues to injury or irritation characterized by pain, swelling, redness, and heat.