Anongovernmental, not-for-profit organization received a $2 million gift from a donor who specified it to be used to create an endowment fund that would be invested in perpetuity. the income from the fund is to be used to support a specific program in the second year and beyond. an investment purchased with the gift earned $40,000 during the first year. at the end of the first year, the fair value of the investment was $2,010,000. what is the net effect on net assets with donor restrictions at year end?

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?