In the Current Year a Not-For-Profit Entity Received a Contribution

question 64

Multiple Choice

In the current year a not-for-profit entity received a contribution of $100,000 to use for scholarships. The entity had budgeted $400,000 for scholarships in the current year and it disbursed $350,000 for scholarships. The amount the entity can consider as 'released from restriction' in the current year is

• A) $0.
• B) $100,000.
• C) $350,000.
• D) $400,000.

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Definitions:

Adolescents

Individuals in the transition phase from childhood to adulthood, typically between the ages of 13 and 19.

Adults

Individuals who have reached the age at which they are considered to be legally responsible for their actions, typically 18 or older, and are fully developed.

Scientifically Based

Refers to methods or practices that are founded on evidence gathered through scientific research and empirical data.

Cognitive-Behavioral Therapy

A form of psychotherapy that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.