Private university, contributions. Indicate with choices (a) through (f) how the following events are recorded in a private university: a. Credit Contributions—Unrestricted b. Credit...


Private university, contributions. Indicate with choices (a) through


(f) how the following events are recorded in a private university:


a. Credit Contributions—Unrestricted


b. Credit Contributions—Temporarily Restricted


c. Credit Contributions—Permanently Restricted


d. Credit Refundable Deposits


e. Credit Fund Balance


f. No entry


1. Receipt of an unconditional cash contribution.__________________


2. Receipt of cash to be used for a specific purpose.__________________


3. Receipt of an unconditional promise to give._________________


4. Receipt of an unconditional promise to give over a 5-year period.______________


5. Receipt of investments that are to be used to set up an endowment with earnings available for operations._______________



Dec 13, 2021
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