Which of the Following Statements Is NOT Correct

question 33

Multiple Choice

Which of the following statements is NOT correct?

• A) A contribution receivable should be recognized as an asset when the amount can be reasonably estimated and the ultimate collection is reasonably assured.
• B) A contribution receivable should be recognized as an asset when the amount can be reasonably estimated or the ultimate collection is reasonably assured.
• C) Contribution revenue is a type of revenue where the contributor receives nothing directly in return for his or her contribution.
• D) Government grants typically qualify as a contribution.

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Definitions:

Empty Vector

A vector data structure that contains no elements and has a size of zero.

Arrays

Data structures that store multiple elements of the same type in an indexed collection.

Vectors

A class in Java that implements a growable array of objects, providing methods to manipulate the size and contents of the array.