Endowment fund: Colleges and universities traditionally account for permanent endowments, term endowment and endowment resources in separate funds. This practice is common because external users of financial data, such as debt market, consider all three categories of endowments important in lending decisions. To choose: The best option

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Chapter 19, Problem 19.1.4P

To determine

Introduction:

Endowment fund:

Colleges and universities traditionally account for permanent endowments, term endowment and endowment resources in separate funds. This practice is common because external users of financial data, such as debt market, consider all three categories of endowments important in lending decisions.

To choose: The best option

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