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Author Question: Which of the following is an example of a mandatory transfer in college and university accounting? ... (Read 56 times)

CBme

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on: Jul 5, 2018
Which of the following is an example of a mandatory transfer in college and university accounting?
 
  a. a transfer to a Plant Fund to set aside amounts that will be used to pay debt service in accordance with a clause in a bond agreement
  b. a transfer to a Plant Fund based on a decision by the Board of Trustees to build a new school of engineering
  c. a transfer to a Plant Fund based on a decision by management to build new box seats in the football stadium for major donors
  d. a reclassification from temporarily restricted to unrestricted net assets

Question 2

The work sheet columns that show the amounts that will be reported in the statement of owner's equity and the balance sheet are the ___________________ _.
 Fill in the blank(s) with correct word


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mbcrismon

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

Balance Sheet columns


CBme

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Reply 2 on: Jul 5, 2018
Gracias!

covalentbond

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Reply 3 on: Yesterday
Excellent

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