19-8 - restricted 8 d $830,000 = $680,000 $90,000 $60,000...

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E19-8 Multiple-Choice Questions on Other Nonprofit Organizations [AICPA Adapted] 1. a 2. a 3. b Note: Gains on endowment investments are considered principle unless otherwise stated. 4. d 5. c Note: Annual report has program and service intent. 6. d 7. c Note: Board designations are internal; therefore, not
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Unformatted text preview: restricted. 8. d $830,000 = $680,000 + $90,000 + $60,000 Note: Nonexpendable gifts for loan purposes are classified as temporarily restricted ($30,000) and permanently restricted ($25,000). 9. a Note: All other expenses are for supporting services. 10. c...
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This note was uploaded on 04/18/2008 for the course ACCT cost taught by Professor Staff during the Spring '08 term at Oklahoma State.

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