For each of the following examples, determine which fund the donation should go

Question

For each of the following examples, determine which fund the donation should go into and explain why. A. Donation of $50,000 to pay to provide the wall street journal to a local high school. There is a stipulation that the principle be invested and the interest should be used to pay for the papers. B. Donation of 250,000 to provide care and upkeep to the county cemetary in exchange for burial services of the donor. C. A donation of 500,000 that cannot be expended and must be invested. The investment returns are to be used to provide 2 year technical college scholarships to students from minority families who are considered low income or are on welfare.

Explanation / Answer

A.Endowment fund

B. General Restricted funds

C.Endowment funds

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.