Which of the Following Would Be a Contribution Increasing Permanently

question 104

Multiple Choice

Which of the following would be a contribution increasing permanently restricted net assets?

• A) A contribution by a donor in the amount of $1,000,000, set aside by the governing board as funds not to be expended.
• B) A contribution by a donor in the amount of $1,000,000 to be used to acquire fixed assets.
• C) A contribution of $1,000,000 to fund an endowment.
• D) None of the above.

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