Which of the Following Would Not Be Subject to the Writing

question 27

Multiple Choice

Which of the following would not be subject to the writing requirements of Article 2 of the UCC?

• A)An unborn puppy whose mother is an AKC champion
• B)Trees that will be cut from a ten-acre tree farm
• C)Food served in the banquet room of a Florida resort
• D)Medical care received in a hospital

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Definitions:

ASU 2016-14

An update issued by the Financial Accounting Standards Board (FASB) aimed at improving the way not-for-profit organizations present their financial statements.

GAAP

Generally Accepted Accounting Principles, which are a set of accounting standards and procedures used to prepare financial statements in the US.

Statement of Activities

A financial report summarizing a nonprofit organization's revenues, expenses, and changes in net assets for a specific period.