Internet assurance is a service provided for a fee to vendors in order to provide absolute assurance to users of the vendor's web site that the site is in fact reliable and event data security is reasonable.
Indicate whether the statement is true or false
Question 2
A county university's endowment fund has investments that were purchased for 400,000 . As of the end of the fiscal year, the fair value of the investments decreased by 33,000 .
What journal entry is required to reflect the change in the fair market value of the investments?
dr cr
a. Loss on Endowment Investments 33,000 Endowment Investments 33,000
b. Interest Expense 33,000 Endowment Investments 33,000
c. Interest Revenues 33,000 Endowment Investments 33,000
d. Interest Expense 33,000
Deferred Revenue 33,000
e. None of the above.
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