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

question 113

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


Definitions:

-logy

A suffix used to indicate the study or science of a particular subject.

Milliliter

A metric unit of volume equal to one-thousandth of a liter, commonly used to measure liquids.

Thousandth

A unit or measure representing one part in a thousand of something.

Liter

A metric unit of volume equal to 1000 cubic centimeters or approximately 0.26 U.S. gallons.

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