Solved: What is meant by variance power of what relevance is, Accounting Basics

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What is meant by variance power of what relevance is

Question - What is meant by variance power? Suppose that a charitable foundation receives a gift that the donor specifies must be used to support the college education of a particular individual. Of what relevance is variance power to how the foundation accounts for the gift?

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Accounting Basics: What is meant by variance power of what relevance is

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