A Not-For-Profit Organization Receives a Restricted Contribution of $20,000 to Be

question 53

Multiple Choice

A not-for-profit organization receives a restricted contribution of $20,000 to be used for a specific project. During the current year, $14,000 is spent toward the project with the balance to be spent next year. How much donation revenue should the not-for-profit organization recognize in the current year, if the organization uses the restricted fund method for reporting and had a fund for this project?

• A) Nil.
• B) $6,000.
• C) $14,000.
• D) $20,000.

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Definitions:

Thick Filament

A component of skeletal muscle fibers responsible for contraction, primarily composed of the protein myosin.

Muscle Contraction

The activation of tension-generating sites within muscle fibers, initiating changes that result in the shortening or lengthening of the muscle.

Epimysium

An overlying layer of dense irregular connective tissue that surrounds the entire muscle, providing support and protection.

Entire Muscle

Refers to a complete muscle, including all of its fibers, connective tissues, blood vessels, and nerves, functioning as a single unit.