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 gift restricted to purchase equipment.
C) A health clinic is paid to perform clinical trials of a new medicine.
D) Dues paid in excess of the fair value of benefits received.
Correct Answer:
Verified
Correct Answer:
Verified
Q72: An intention to give such as being
Q73: Which of the following is <u><b>not</u></b>
Q74: Which of the following contributed services would
Q75: The FASB requires that expenses of voluntary
Q76: While many private not-for-profit organizations may use
Q78: FASB standards require conditional promises to give
Q79: How is the receipt of an unconditional
Q80: Which of the following financial statements is
Q81: With respect to the Statement of Cash
Q82: The Statement of Functional Expenses:<br>A) Is required