Author Question: A public college was the recipient of an annuity gift. The elderly alumnus donated cash of 110,000 ... (Read 95 times)

shofmannx20 · **on:** Jul 5, 2018

A public college was the recipient of an annuity gift. The elderly alumnus donated cash of 110,000 and investments of 610,000 with the restriction that the college pays them a sum of 50,000 per year for five years.

If the annuity payable has been actuarially valued at 305,000, the college should report revenues upon receipt of the gift in the amount of
A. 120,000.
B. 370,000.
C. 415,000.
D. 720,000.

Question 2

Which of the following data flow diagram (DFD) symbols is represented by two parallel lines?
a. data flow symbol
b. external entity symbol
c. internal entity symbol
d. data store symbol