Receipt of a $500,000 Gift by a Private College That

question 43

True/False

Receipt of a $500,000 gift by a private college that must be invested, the earning of which are to be used to support a "chaired" professorship in accounting, would be recorded as an increase in net assets with donor restrictions.

---

Definitions:

Aspirations of Employees

Refers to the goals, ambitions, and desires that workers hold regarding their careers, workplace conditions, and progression opportunities.

Hopes and Fears

Emotional responses to potential future events, with hopes being positive anticipations and fears being negative anticipations.

Reflexive Modernity

A new period of modernity in which the traditional stability-maintaining structures of class, family, and industrial forms of production have waned, placing greater pressure on people to create their own sense of stability and identity.