For a University, the Receipt of Assets for Operating Activities

question 38

Multiple Choice

For a university, the receipt of assets for operating activities that have external restrictions as to the purposes for which they can be used is recorded by crediting:

• A) Fund Balance-Restricted.
• B) Contribution Revenue.
• C) Deferred Revenue.
• D) Net Assets Released.

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Definitions:

Ethics

Moral principles that govern the behavior of individuals and organizations in conducting their business.

Social Responsibility

Involves businesses engaging in practices that benefit society and the environment beyond what is required by law.

Strategic Plan

A documented course of action outlining an organization's goals and the steps needed to achieve them effectively.

Marketing Ethics

The area of applied ethics that deals with the moral principles behind the operation and regulation of marketing, covering issues such as honesty, fairness, and responsibility.