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 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