Assets that the governing board of a public university, Ask an Expert

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Assets that the governing board of a public university, rather than a donor or other outside agency, has determined are to be retained and invested for future scholarships would be reported as:

A. An endowment.

B. Unrestricted net assets.

C. Deposits held in custody for others.

D. Restricted net assets.

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Accounting Basics, Accounting

Category:- Accounting Basics
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