In a Not-For-Profit Organization, Wages and Salaries Should Be Recorded

question 44

Multiple Choice

In a not-for-profit organization, wages and salaries should be recorded

• A)As expenses in either a temporarily restricted or an unrestricted fund, depending on the source of the resources.
• B)As expenses in a temporarily restricted fund.
• C)As expenses in an unrestricted fund.
• D)As expenses in an unrestricted fund, with a credit to net assets released from restrictions.

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Definitions:

Edema

A medical condition characterized by the accumulation of excess fluid in the body's tissues, causing swelling.

Albumin

A protein commonly found in blood plasma that helps maintain blood volume and pressure by regulating osmotic forces.

Glomerular Capsule

The glomerular capsule is a cup-like sac at the beginning of the tubular component of a nephron in the kidney that performs the first step in the filtration of blood to form urine.

Nephron

The functional unit of the kidney, responsible for filtering blood and producing urine.