In Accordance with FASB 117,contributions from Donors Which Are to Be

question 45

Multiple Choice

In accordance with FASB 117,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:

Projected Cost Savings

An estimate of the reduction in costs expected to be achieved in future periods through specific actions or initiatives.

Informal Report

A less structured report, often shorter and used for internal purposes, to communicate within an organization without strict adherence to formalities.

Survey Results

The data or outcomes gathered from the administration of a questionnaire to a sample of respondents.

Feasibility Report

A study conducted to assess the practicality and potential success of a proposed project or system.