Multiple Choice
The net realizable value or present value of unrestricted pledges receivable outstanding at the end of a year for a nongovernmental not-for-profit organization are
A) Always considered unrestricted net assets.
B) Always considered temporarily restricted net assets.
C) Always considered permanently restricted net assets.
D) Considered temporarily restricted unless the donor specified that the pledge was intended to finance current year expenses.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Reporting for Not-for-Profit Organizations<br> <span
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
Q27: A nongovernment not-for-profit organization received donated services
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