During the Year, a Not-For-Profit Entity Received $30,000 in Dividends

question 18

Multiple Choice

During the year, a not-for-profit entity received $30,000 in dividends and $24,000 in interest on its investment portfolio. The entity also accrued $6,000 in interest on the portfolio. The increase in fair value of the portfolio during the year was $8,000. How much should the entity report as investment earnings during the year?

• A) $62,000.
• B) $54,000.
• C) $8,000.
• D) $0.

---

Definitions:

Anterior

Refers to the front position or aspect of an organism or one of its parts.

Posterior

Pertaining to the back side of the body or an organ, opposite of anterior.

Coracobrachialis

A muscle in the shoulder that helps in flexing and adducting the arm.

Pectoralis Major

A large muscle in the upper chest that functions in the movement of the shoulder and upper arm.