Unconditional Transfers of Cash or Other Resources to an Entity

question 1

Multiple Choice

Unconditional transfers of cash or other resources to an entity in a voluntary nonreciprocal transaction is the GAAP definition of:

• A) Miscellaneous revenues.
• B) Contributions.
• C) Unconditional promises to give.
• D) Exchange transactions.
• E) Pledges.

---

Definitions:

Biases

Prejudices in favor of or against one thing, person, or group compared with another, usually in a way considered to be unfair.

Active Listening

A communication technique involving fully concentrating, understanding, responding and then remembering what is being said.

Speaker

The person who delivers an oral presentation or speech to an audience.

Critical Listening

Critical listening involves evaluating the arguments or points being made by a speaker and assessing their validity, logic, and persuasiveness.