Author Question: Government colleges and universities must recognize donations received with purpose restrictions as ... (Read 73 times)

colton

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Government colleges and universities must recognize donations received with purpose restrictions as
 
  A. Deferred revenue until the restrictions are met.
  B. Operating revenues.
  C. Nonoperating revenues.
  D. None of the above.

Question 2

Closing entries are entered directly on to the work sheet.
 a. True
  b. False
 
   Indicate whether the statement is true or false



lou

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Answer to Question 1

C

Answer to Question 2

False



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