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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
A government establishes a Permanent Fund to account for a donation. The earnings from the donation are to be used to purchase books for the library. How should the donation be reported in the Permanent Fund statement of revenues, expenditures and changes in fund balance?
A.   Special Item.
B.   Revenue.
C.   Other financing source.
D.   Capital contribution.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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