During the Year, a Not-For-Profit Entity Received $30,000 in Dividends

question 18

Multiple Choice

During the year, a not-for-profit entity received $30,000 in dividends and $24,000 in interest on its investment portfolio. The entity also accrued $6,000 in interest on the portfolio. The increase in fair value of the portfolio during the year was $8,000. How much should the entity report as investment earnings during the year?

• A) $62,000.
• B) $54,000.
• C) $8,000.
• D) $0.

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Definitions:

Agnostic

A person who believes that the existence or nonexistence of a deity or deities cannot be known with certainty.

Terminal Disease

A disease that is incurable and irreversible, leading to death within a short period of time despite treatment.

Organized Beliefs

Coherently structured convictions or opinions, particularly those related to religious, political, or social ideologies.

Higher Power

Often used in spiritual or recovery contexts, it refers to a force or being believed to be greater than oneself.