Which of the Following Is NOT a Requirement for a Not-For-Profit

question 58

Multiple Choice

Which of the following is NOT a requirement for a not-for-profit organization to record donated materials and services?

• A) The fair value of the donation can be determined.
• B) The organization uses the deferral method of accounting for contributions.
• C) The materials or services would normally have been used in the organization's operations.
• D) The not-for-profit organization would have purchased the goods or services if they had not been donated.

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Definitions:

Psychic Energy

A concept in psychoanalytic theory referring to the energy generated by the unconscious mind that can be directed into various psychological activities or behaviors.

Predictive Utility

The ability of a theory, model, or measurement to accurately forecast or anticipate future events or behaviors based on current data or observations.

Parsimonious

Favoring simplicity and minimalism, especially in explanations that involve the least number of assumptions.

Outcome Expectations

These are beliefs about the expected results of one's behavior, which can influence motivation and action in both social cognitive theory and behavioral psychology.