Generally Speaking, Not-For-Profit Organizations Record and Measure Transactions and Events

Multiple Choice

Generally speaking, not-for-profit organizations record and measure transactions and events in the same manner as commercial enterprises. They do, however, differ from commercial enterprises in two important ways. Which of the following is one of those differences?

A) Not-for-profit organizations receive considerable amounts of resources from the government.
B) Not-for-profit organizations do not record revenues until money is actually received.
C) Donors frequently impose restrictions on the use of donated resources.
D) Commercial enterprises use accrual accounting and not-for-profits use modified accrual accounting.