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 74 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
:D TYSM

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Intradermal drug administration: (b) the administration site is prepped Source: Pearson Education/PH Intradermal drug administration: (b) the administration site is prepped Source: Pearson Education/PH
Changes in College Enrollment, By Sex Changes in College Enrollment, By Sex
Who Goes to College? Comparing Social Class and Ability in Determining College Attendance Who Goes to College? Comparing Social Class and Ability in Determining College Attendance
Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone. Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone.
College 2.0 (Online) College 2.0 (Online)
Most elderly enjoy maintaining relationship with their grandkids Most elderly enjoy maintaining relationship with their grandkids
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library