Special Fund-Raising Events of a Nongovernment, Not-For-Profit Organization

question 5

Multiple Choice

Special fund-raising events of a nongovernment, not-for-profit organization

• A) Must always be reported as revenues and at gross amounts.
• B) Must always be reported as gains and at net amounts.
• C) Must be reported as revenues at gross amounts or gains reported at net amounts.
• D) Must be reported as revenues at gross amounts unless the event is incidental or peripheral.

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