Indicate with choices (a) through (f ) how the following events are recorded in a private university:a. Credit Contributions—Unrestrictedb. Credit Contributions—Temporarily Restrictedc. Credit Contributions—Permanently Restrictedd. Credit Refundable Depositse. Credit Fund Balancef. No entry 1. Receipt of an unconditional cash contribution._________2. Receipt of cash to be used for a specific purpose._____________3. Receipt of an unconditional promise to give.___________4. Receipt of an unconditional promise to give over a 5-year period._________5. Receipt of investments that are to be used to set up an endowment with earnings available for operations._________6. Receipt of a fixed asset with donor-specified use for an outreach program. 7. Receipt of a conditional promise to give._________ 8. Receipt of a fixed asset with no donor restriction._________ 9. Receipt of free accounting services. _________10. Receipt of time of volunteers who helped with fundraising mailings._________ 11. Receipt of a cash contribution to be used next year for general operations at the discretion of management. _________12. Receipt of a cash contribution to be used next year for a research project. _________13. Receipt of cash as part of a government grant funding a cancer research project. A report with research results will be prepared for the government funding agency. _________14. Receipt of a cash contribution to be used for acquisition of fixed assets. _________15. Receipt of a permanent collection of geography maps that will be displayed to the public._________
Indicate with choices (a) through (f ) how the following events are recorded in a private university:
a. Credit Contributions—Unrestricted
b. Credit Contributions—Temporarily Restricted
c. Credit Contributions—Permanently Restricted
d. Credit Refundable Deposits
e. Credit Fund Balance
f. No entry
1. Receipt of an unconditional cash contribution._________
2. Receipt of cash to be used for a specific purpose._____________
3. Receipt of an unconditional promise to give.___________
4. Receipt of an unconditional promise to give over a 5-year period._________
5. Receipt of investments that are to be used to set up an endowment with earnings available for operations._________
6. Receipt of a fixed asset with donor-specified use for an outreach program.
7. Receipt of a conditional promise to give._________
8. Receipt of a fixed asset with no donor restriction._________
9. Receipt of free accounting services. _________
10. Receipt of time of volunteers who helped with fundraising mailings._________
11. Receipt of a cash contribution to be used next year for general operations at the discretion of management. _________
12. Receipt of a cash contribution to be used next year for a research project. _________
13. Receipt of cash as part of a government grant funding a cancer research project. A report with research results will be prepared for the government funding agency. _________
14. Receipt of a cash contribution to be used for acquisition of fixed assets. _________
15. Receipt of a permanent collection of geography maps that will be displayed to the public._________
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