University to avoid accounting recognition

Assignment Help Accounting Basics

Reference no: EM13132428

Which of the following is not a condition that would permit a public college or private college or university to avoid accounting recognition of the value of its collections of art, historical treasures, and similar assets?

A. The assets are held for public exhibition, education, or research in furtherance of public service rather than financial gain.

B. The assets are protected, kept unencumbered, cared for, and preserved.

C. The assets are subject to an organizational policy that ensures the proceeds of sales of collectible assets are used for operations of the organization.

D. None of above; all three items are conditions that will avoid accounting recognition.

Reference no: EM13132428

Questions Cloud

Describe why cis dichloroethene has a boiling point : Explain why cis dichloroethene has a boiling point of 60 degrees C while trans - dichloroethen has a boiling point of 48 degrees C.

Determining partially ordered sets : A set A is call a partially-ordered set if there is a relation R on A such that R is reflexive and transitive. If A is any set, prove that the power set P(A) is a partially ordered set under the relation "is a subset of".

Complete set of financial statements : Which of the following is required as part of a complete set of financial statements for a private college or university?

Transposing equations and solving by substitution : The equation for the mid-span deflection of a simply supported beam carring a uniformly distributed load can be determined from. Taking care with units, use this transposed equation to find the maximum length of beam that can be used if the midspan..

University to avoid accounting recognition : Which of the following is not a condition that would permit a public college or private college or university to avoid accounting recognition of the value of its collections of art, historical treasures, and similar assets?

How to naming incorrect compounds : Each of the following names is an incorrect IUPAC name. Indicate, if possible, the correct name of the compound. can you please explain why these names are not right

Revenues and gains in the statement of activities : Which of the following items would not be reported in the section on revenues and gains in the statement of activities of a private college or university?

Irreducible representation proofs : Assume that the field is algebraically closed and has zero characteristic, G is finite and representations are finite-dimensional.

What is the main structural feature of the azo dyes : What is the main structural feature of the azo dyes that causes them to be colored compounds? Methyl Orange is an acid-base indicator. In dilute solution at pH greater than 4.4, it is yellow.

User Account

All Pages