Multiple Choice
Which of the following would not be recognized as contribution revenue by a private not-for-profit organization?
A) A pledge to support an educational program for the next 3 years.
B) A health clinic is paid to perform clinical trials of a new medicine.
C) A gift restricted to purchase equipment.
D) Dues paid in excess of the fair value of benefits received.
Correct Answer:
Verified
Correct Answer:
Verified
Q28: Which of the following factors, if present,
Q39: FASB statement 116 requires unconditional pledges of
Q62: Under FASB Statement No.116,multiyear pledges are to
Q63: The financial statements of private not-for-profits are
Q64: The following treatment is correct with regards
Q68: When preparing the Statement of Cash Flows
Q69: Which of the following is not a
Q70: In 2014,a major drug company agreed to
Q71: Which organization has standard setting authority over
Q130: Contributions to a private not-for-profit are recorded