Indicate Your Choice by Entering the Letter Corresponding to the Correct

question 2

Multiple Choice

Indicate your choice by entering the letter corresponding to the correct term. A term may be used more than once or not at all.
-"Classification of investment income from endowment investments if there are no donor restrictions as to income" describes which term listed above?

• A)Fair value
• B)Net assets without donor restrictions
• C)GASB
• D)FASB
• E)Statement of Revenues,Expenditures,and Changes in Fund Balance
• F)Lower of cost or market
• G)Accrual method
• H)Statement of Activities
• I)General fund,restricted fund,endowment fund
• J)Modified accrual method
• K)Net assets with donor restrictions
• L)Endowment fund
• M)Unrestricted,temporarily restricted,permanently restricted
• N)Depreciation
• O)Works of art and other historical treasures
• P)General fund
• Q)Cost

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Definitions:

Revenue Recognized

Income that a company has earned and reported in its financial statements for a specific period, following accounting principles.

Trading Investments

Securities that are purchased by a firm for the purpose of realizing a short-term profit.

Long-Term Trading Investments

Investments in stocks, bonds, or other securities that a company intends to hold for a period longer than a year to achieve long-term financial goals.

Strategic Investments

Investments made to gain a competitive advantage or achieve long-term goals rather than for short-term profit.