Problem 2 to Record Contribution Revenue (In a Nonrestricted

question 4

Essay

Problem 2 To record contribution revenue (in a nonrestricted fund) (The portion of the contribution that was spent in the same year as it was received may be recorded as nonrestricted revenue.) To record the remaining balance of the contribution (in a donor restricted fund).
d. Endowment earnings To record investment income (in a nonrestricted fund). The entire amount is nonrestricted in as much as the spending restriction was imposed by the board, rather than by outside donors.
e. Increase in market value of investments To record the increase in market value of investments (in a nonrestricted fund). As indicated in the problem, income from endowments is nonrestricted.
f. Depreciation To record depreciation expense (in a nonrestricted fund)
g. Others operating expenses To record the other operating expenses (in a nonrestricted fund)
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h. Building fund pledge

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Definitions:

Hubel and Wiesel

Neurophysiologists who made pioneering discoveries concerning the visual system's neural pathways and functional organization in the brain.

Visual Cortex

The region of the brain responsible for processing visual information, located in the occipital lobe.

Blindsight

A condition where individuals can respond to visual stimuli without consciously perceiving them, typically following brain damage.

Afterimages

Visual illusions that continue to appear in one's vision after the exposure to the original image has ceased, often exhibiting contrasting colors.