A donor contributed $1,000,000 to a not-for-profit hospital with the restriction that the funds be...
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Accounting
A donor contributed $1,000,000 to a not-for-profit hospital with the restriction that the funds be invested indefinitely and the income be used for cancer research. Which of the following would be true? Multiple Chaice The gir would be recorded as an increase in net assets with donor restrictions The income from the endowment would be recorded as an increase in net assets with donor restrictions Eoth of the choices are true. Neather of the choices is true
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