A Not-For-Profit Organization Provides Language Training and Homework Assistance to Immigrants
Multiple Choice
A not-for-profit organization provides language training and homework assistance to immigrants. Most of the services are provided by volunteers and all the funds come from public donations. The primary objective in preparing financial statements for this organization is ________.
A) measuring the cost of services rendered.
B) predicting cash flow.
C) management evaluation.
D) stewardship.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: When is it NOT appropriate to use
Q21: Luv Pets (LP)is a NFP that operates
Q22: Under the deferral method, restricted contributions are
Q23: Under the CICA Handbook, a large not-for-profit
Q24: What is Encumbrance Accounting?
Q26: What type of not-for-profit organization may be
Q27: When consolidated financial statements are prepared for
Q28: A restricted fund is a segregation of
Q29: When budgetary control accounts are first set
Q30: Not-for-profit organizations basically follow the same criteria