Multiple Choice
A nongovernment not-for-profit organization received donated services from a local volunteer. The volunteer works as a receptionist for the organization. The market value of service is $5,000. How should this activity be reported be in the statement of activities?
A) Not be reported.
B) Unrestricted support, $5,000.
C) Restricted support, $5,000.
D) Both unrestricted support and program expense, $5,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: A nongovernment not-for-profit organization statement of activities
Q23: Which of the following is true for
Q24: Nongovernment not-for-profit organizations are required to report
Q25: Fund-raising expenses are classified as<br>A) Program services
Q26: The net realizable value or present value
Q28: Listed below are two transactions for
Q29: How should a nongovernment not-for-profit organization generally
Q30: Nongovernment, not-for-profit organizations use the following classifications
Q31: Pledges should be reported by a nongovernment
Q32: A nongovernment, not-for-profit environmental organization conducts a