An alumnus donates securities to st. aloysius college a, Ask an Expert

Accounting

An alumnus donates securities to St. Aloysius College, a private college, and stipulates that the principal be held in perpetuity and income from the securities be used for faculty travel. Dividends received from the securities should be recognized as increases in:

A. Endowments.

B. Unrestricted net assets.

C. Permanently restricted net assets.

D. Temporarily restricted net assets.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9405777

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