Which of the Following Statements Is NOT Correct

question 24

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

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Definitions:

Organizational Change

The process through which organizations transform their structure, culture, or operational processes to adjust to internal and external changes.

Build Commitment

The process of fostering dedication and loyalty towards a project, team, or organization.

Lewin's Force Field Analysis

A method for analyzing the factors that support or hinder a particular situation, involving the identification and modification of forces that oppose change.

Three Stages

A general term that could describe any process, development, or progression that is divided into three distinct phases or parts.