The Law Tells You What You Are Allowed to Do

question 37

Short Answer

The law tells you what you are allowed to do, technology determines what you are able to do, but neither can tell you whether it is ______ right or wrong to do it.

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Definitions:

With Donor Restrictions

Refers to contributions received by a nonprofit organization that are subject to specific limitations or conditions set by donors.

GAAP Definition

Generally Accepted Accounting Principles; a standard framework of guidelines for financial accounting used in any given jurisdiction, generally known for ensuring consistency and transparency.

Nonreciprocal Transaction

Transactions where one party transfers resources or obligations without directly receiving anything of approximately equal value in exchange.