Note: This Is a Kaplan CPA Review Question

question 92

Multiple Choice

Note: This is a Kaplan CPA Review Question
Gray College, a private not-for-profit institution, received a contribution of $100,000 for faculty research. The donation was received in 20X1 and $80,000 was spent in 20X1. As a result of these transactions, Gray College should report on its 20X1 statement of activities a:

• A) $100,000 increase in temporarily restricted net assets.
• B) $20,000 increase in temporarily restricted net assets.
• C) $80,000 increase in temporarily restricted net assets.
• D) $100,000 increase in unrestricted net assets.

Comprehend the role of conformity in group dynamics and organizational behavior.

Identify strategies to manage and mitigate negative organizational politics.

Understand the impact of individual and collective behavior on group dynamics.

Understand the challenges and considerations of virtual teamwork compared to traditional face-to-face teams.

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Definitions:

Third-Party Reproduction

The process of having a baby through the use of reproductive technologies and biological materials (e.g., sperm, eggs, embryos) from a donor other than the intended parents.

Surrogacy Arrangements

Agreements where a woman agrees to carry and give birth to a child for another person or couple, potentially involving legal and financial terms.

Egg Donation

The process by which a woman donates eggs for purposes of assisted reproduction or biomedical research, often involving legal and ethical considerations.

Pharming

A biotechnological process that uses genetically modified plants or animals to produce pharmaceuticals.