With Respect to the Endowment Fund, Which of the Following

question 25

Multiple Choice

With respect to the endowment fund, which of the following statements is true?

• A)Endowment contributions are treated the same way under both the deferral method and the restricted fund method.
• B)Endowment contributions are recognized as revenue under the deferral method and as revenue in a restricted fund under the restricted fund method.
• C)Endowment contributions are recognized as a direct increase to net assets under the deferral method and as revenue to the endowment fund under the restricted fund method.
• D)Endowment contributions are recognized as revenue under the deferral method and as a direct increase to net assets under the restricted fund method.

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