Author Question: Government colleges and universities must recognize donations received with purpose restrictions as ... (Read 63 times)

colton

  • Hero Member
  • *****
  • Posts: 627
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

  • Sr. Member
  • ****
  • Posts: 286
Answer to Question 1

C

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

For a complete list of videos, visit our video library