In Accordance with FASB 117 (ASC 958),contributions from Donors Which

question 6

Multiple Choice

In accordance with FASB 117 (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:

Social Capital

The networks, relationships, and social connections that provide individuals and groups with valuable resources, information, and support.

Sources of Power

The origins from which an individual or organization derives the ability to influence others, such as authority, knowledge, or relationships.

Retaining Humility

The practice of maintaining a modest view of one's own importance, even in the face of success or achievement.

Managing Oneself

The process of understanding and developing one's own abilities and interests to effectively navigate professional paths and personal development.