This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A college was the recipient of an annuity gift. The elderly alum donated cash of 110,000 and ... (Read 33 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Jul 5, 2018
A college was the recipient of an annuity gift. The elderly alum donated cash of 110,000 and investments of 610,000 with the restriction that the college pay them a sum of 50,000 per year for five years and immediately retire a note payable of
 
  45,000 . 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. 0
  b. 120,000
  c. 370,000
  d. 425,000
  e. 720,000

Question 2

Back-office functions include:
 a. customer interface
  b. supplier interface
  c. purchasing
  d. accounting


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

D


Awilson837

  • Member
  • Posts: 509
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Sample Diet for a College-Aged Female Weighing 132 Pounds, Assuming Light to Moderate Daily ... Sample Diet for a College-Aged Female Weighing 132 Pounds, Assuming Light to Moderate Daily ...
The transition from college to first job can be a triggering situation for new growth in meaning ... The transition from college to first job can be a triggering situation for new growth in meaning ...
Stand behind the recipient. Lay your hands on the shoulders to establish contact. Squeeze the ... Stand behind the recipient. Lay your hands on the shoulders to establish contact. Squeeze the ...
Ayurvedic massage. Sliding circles at the seat of Vata, recipient in side-lying position. Ayurvedic massage. Sliding circles at the seat of Vata, recipient in side-lying position.
Outside ankle press. Now, support the heel of the recipient’s right foot with your left hand. With ... Outside ankle press. Now, support the heel of the recipient’s right foot with your left hand. With ...
Elderly/ grandparents listening to music Elderly/ grandparents listening to music
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library