A Nongovernment Not-For-Profit Organization Received a Cash Donation of $100,000

question 15

Multiple Choice

A nongovernment not-for-profit organization received a cash donation of $100,000 restricted for a specific operating purpose. Only $20,000 of the donation was spent during the current year. How should the donation be reported be in the statement of activities?

• A) Revenues without donor restrictions - $100,000.
• B) Revenues without donor restrictions - $20,000.
• C) Revenues with donor restrictions - $100,000.
• D) Revenues with donor restrictions - $20,000.

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Definitions:

-poiesis

A suffix meaning the formation, production, or generation of something, such as in 'hemopoiesis' the production of blood cells.

Suffix

A morpheme added at the end of a word to form a derivative, e.g., -tion, -sion, -ness.

Formation

The process of developing or being formed; in biology, it often refers to the way cells or tissues are created and organized.

Profuse Sweating

Excessive perspiration often due to heat, physical exertion, or medical conditions.