With Respect to Collections, Nongovernment Not-For-Profit Organizations Are

Multiple Choice

With respect to collections, nongovernment not-for-profit organizations are

A) Required to capitalize all collections.
B) Prohibited from capitalizing collections.
C) Required to either capitalize all collections or to capitalize no collections.
D) Permitted to capitalize no collections, to capitalize all collections, or to capitalize only those collections acquired after the FASB adopted its original not-for-profit accounting standards.