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Contributions or Grants Restricted by an External Donor for a Particular

question 16

True/False

Contributions or grants restricted by an external donor for a particular operating purpose would be reported as increases to restricted fund balances by a public college or university engaged only in business-type activities and as an addition to temporarily restricted net assets by a private college or university.


Definitions:

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to work without remuneration.

Dred Scott Decision

An 1857 U.S. Supreme Court ruling that African Americans, whether enslaved or free, could not be American citizens and therefore had no standing to sue in federal court.

Moderate Republicans

Members of the Republican Party in the United States who hold centrist views, advocating for policies that are not too conservative or liberal.

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