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

question 9

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 deferred contribution method of revenue recognition.
• 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:

Basic Trust

The belief in the reliability, truth, ability, or strength of someone or something, often developed in early childhood.

Mistrust

A lack of confidence or faith in a person or thing, often resulting from negative past experiences or perceptions of unreliability.

Age Group

A category of people of similar ages within a population who share similar experiences, interests, or physiological states.

Social and Emotional Development

The process by which individuals acquire and effectively apply the knowledge, attitudes, and skills necessary to understand and manage emotions, set and achieve goals, establish and maintain positive relationships, and make responsible decisions.