Mr Generous Donated $100,000 to Excel Private School and Specified

question 29

Multiple Choice

Mr. Generous donated $100,000 to Excel Private School and specified that the principal amount not be spent but be maintained permanently. Interest on the invested funds can be used to award scholarships to those who excel in drama. How should the $100,000 contribution be presented on Excel Private School's financial statements?

• A)As a direct increase in net assets of the endowment fund
• B)As revenue of the operating fund
• C)As revenue of the endowment fund
• D)As deferred revenue of the operating fund

Identify the benefits and challenges associated with high technology medical interventions.

Recognize the influence of healthcare reforms on cost, access, and quality of healthcare.

Analyze the relationship between healthcare policies, patient outcomes, and societal beliefs.

Discuss the implications of healthcare cost control measures, including the Affordable Care Act.

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Definitions:

Beginning of Every Quarter

This refers to the start of each three-month period in a year, often used in financial contexts for reporting and interest calculation.

Annuity

A financial service that offers a continual payment stream to its holder, primarily aimed at funding the post-retirement life of individuals.

Compounded Semiannually

Interest that is calculated and added to the principal twice a year, leading to interest on interest.

Present Value

The contemporary value of a future monetary sum or cash flow stream, calculated with a set rate of return.