Assume That Investments in an Endowment Fund Are Being Carried

question 23

Multiple Choice

Assume that investments in an Endowment Fund are being carried at market value. The annual net appreciation of investments should:

• A)not be recognized until realized.
• B)be recorded as investment revenue.
• C)be recorded as deferred revenue.
• D)be credited directly to the Endowment Fund Balance.

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