115. With respect to private colleges and universities, why are quasi-endowments not classified as permanently restricted net assets while true endowments are?
116. Distinguish between (a) true endowments, (b) term endowments, and (c) quasi-endowments. Explain how the net assets of each is classified by a private college or university.
117. How should the income earned by a private college's endowment be classified?
118.Identify three types of restrictions placed on temporarily restricted net assets of a private sector college or university and outline the accounting requirements for each type.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here