Which of the Following Receipts May Properly Be Accounted for as an Increase

question 8

Multiple Choice

Which of the following receipts may properly be accounted for as an increase in unrestricted net assets by a private college?

• A) Student tuition and fees.
• B) Gift from an alumnus for a new college of business building.
• C) Federal grant for genetic research.
• D) Acceptance of assets, the income from which will be paid to the donor.

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Definitions:

Speech

The expression of thoughts and feelings through spoken language.

Social Class

A division of a society based on social and economic status, which influences individuals’ opportunities, lifestyles, attitudes, and behavior.

Paul Fussell

An American cultural and literary historian known for his writings on class, war, and social issues in America.

Cultural Capital

Non-financial social assets that promote social mobility beyond economic means, examples include education, intellect, style of speech, dress, or physical appearance.