Multiple Choice
_____ Under FAS 116, which of the following contributions are not recognized in the statement of activities?
A) Contributions that create endowments.
B) Contributions that create temporary endowments.
C) Contributions of capital assets.
D) Contributions of services that enhance nonfinancial assets.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q51: _ Under FAS 117, income earned from endowments
Q52: _ Which of the following statements is not
Q53: _ Under FAS 117, income earned from endowments
Q54: _ A nonprofit organization has been receiving free
Q55: In determining the appropriate category of net
Q57: Under FAS 117, private nonprofit organizations must
Q58: Under FAS 116, the fair value of
Q59: Public C&Us must report their operations using
Q60: Public HCOs need not present a statement
Q61: For each category of net assets, the