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:

Dichotomous

Divided or dividing into two sharply distinguished parts or classifications.

Dentist

A healthcare professional specializing in diagnosing, preventing, and treating diseases and conditions of the oral cavity.

Past Twelve Months

A time frame referring to the most recent year period leading up to the present moment.

Closed-End Question

A question structured to require a simple, direct answer, often yes or no, without elaboration.