During the Current Year a Not-For-Profit Entity Received a Contribution

question 6

Multiple Choice

During the current year a not-for-profit entity received a contribution of $100,000 to use for scholarships.In the current year the entity had already budgeted $400,000 for scholarships.During the current year, the entity disbursed $350,000 for scholarships.The amount the entity can consider as 'released from restriction' in the current year is

• A)$0.
• B)$100,000.
• C)$350,000.
• D)$400,000.

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Definitions:

Social Policy Practice

The application of social policy principles and theories in real-world settings, often involving the development and implementation of programs aimed at improving societal welfare.

Data Gathering

The process of collecting information and facts for the purpose of analysis to support decision-making or research.

Interviews

A method of gathering information by asking questions verbally, often used in research, journalism, or employment selection.

Physical Examinations

Medical checkups or tests conducted to assess a person's physical health.