endowment received $ 20,000 in investment earnings , $ 3,000 of which was related to earnings from the previous year which were not received 80 days after the fiscal year end . At the end of the year , the market value of the endowment was $ 510,000 . In its fund-based financial statements , how much should the County recognize in conjunction with this endowment ?
Question 16
A state or local government should not have multiple funds in which of the following fund categories ?
Question 17
The governmental fund measurement focus is on the determination of
Question 18
A not-for-profit voluntary health and welfare organization received a $ 500,000 permanent endowment . The donor stipulated that the income must be used for a mental health program . The endowment fund reported $ 60,000 net decrease in market value and $ 30,000 investment income . The organization spent $ 45,000 on the mental health program during the year . What amount of change in temporarily restricted net assets should the organization report ?
Question 19
A not-for-profit voluntary health and welfare organization received a $ 500,000 permanent endowment . The donor stipulated that the income must be used for a mental health