During the Years Ended June 30, 2020 and 2021, Jackson

question 8

Multiple Choice

During the years ended June 30, 2020 and 2021, Jackson University, a private university, conducted a cancer research project financed by a $1,000,000 gift from an alumnus. The entire amount was pledged by the donor on July 10, 2019. The gift was restricted to the financing of this particular research project. During the two-year research period, Jackson's gift receipts from the alumnus and research expenses related to the research project were as follows for each fiscal year (FY) :
How much had net assets with donor restrictions increased as of the end of FY 2021?

• A) $1,000,000.
• B) $100,000.
• C) $(100,000).
• D) $0.

---

Definitions:

Correlation Coefficient

A number ranging from -1.00 to +1.00 that expresses the direction (positive or negative) and strength of the relationship between two variables.

Variables

Elements, features, or factors that are liable to vary or change in studies or experiments.

Random Assignment

A method used in experiments to randomly allocate participants to different groups to reduce bias.

Continuous

Unbroken or uninterrupted in space, time, or sequence.