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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Definitions:

Somatic Nervous System

A part of the peripheral nervous system that controls voluntary movements of the body through the control of muscles.

Voluntary Muscles

Muscles that can be consciously controlled, such as those involved in moving arms or legs.

Autonomic

Pertaining to the autonomic nervous system, which controls involuntary bodily functions such as heart rate, digestion, and respiratory rate.

Sensory Neuron

A type of neuron that responds to inputs from the sensory organs (e.g., skin, eyes, ears) and transmits sensory information to the brain and spinal cord.