In Accordance with ASC 958,contributions from Donors Which Are to Be

question 88

Multiple Choice

In accordance with ASC 958,contributions from donors which are to be permanently invested should be disclosed on the statement of activities of a private university as an increase in:

• A) Permanently restricted net assets.
• B) Permanently restricted fund balance.
• C) Endowment fund balance.
• D) Deferred revenues.

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Definitions:

Relativist Perspective

A viewpoint that suggests the value, truth, and standards of behavior can vary based on culture, society, or historical context.

Dignity and Worth

Core social work values emphasizing the importance of treating every individual with respect and considering their intrinsic value, regardless of circumstances.

Inherent Value

The intrinsic worth or importance of something, recognized as an essential or fundamental quality.

Social Workers

Professionals trained to provide support and services to individuals, families, and communities dealing with personal and social issues, employing a variety of methods tailored to the client's needs.