Multiple Choice
Which of the following statements is correct with respect to contributions restrictions?
A) The restriction is created by the not-for-profit when the contribution is made.
B) The donor can indicate that the contributions are to be expended for a particular purpose but not time.
C) The donor can indicate that the contributions are to be expended for a particular purpose or time, but not for plant acquisition.
D) Contributions may be restricted as to purpose, time, or for plant acquisition.
Correct Answer:

Verified
Correct Answer:
Verified
Q132: Which of the following is not an
Q133: The financial reporting system for private not-for-profits
Q134: A conditional pledge should be recognized as
Q135: Under FASB Statement 116, reclassifications of net
Q136: A Statement of Functional Expenses presents a
Q138: A benefactor promises to donate $25,000 to
Q139: Which of the following statements is <u><b>not</u></b>
Q140: The Statement of Functional expenses presents a
Q141: Contributions of assets other than cash to
Q142: The FASB requires private not-for-profit organizations to