What Amount Should Be Reclassified on the Statement of Activities

question 42

Multiple Choice

What amount should be reclassified on the Statement of Activities for 2020 from the With Donor Restrictions column to the Without Donor Restrictions column?

• A) $3,000.
• B) $6,000.
• C) $9,000.
• D) $12,000.
• E) $15,000.

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Definitions:

Government Response

The actions taken by a governmental entity to address a particular issue or crisis.

Registration Request

A formal application or submission for recording an official or legal status, such as for trademarks, companies, or securities.

Transfer Complete

This term is not well-defined in a general context and could relate to various fields, generally implying that a transfer process of an item, information, or responsibility has been fully executed. NO.

Old Automobile

An old automobile refers to a car that has aged significantly, often considered to be a classic or vintage vehicle based on its historical value or date of manufacture.