What Happens If the Funds Raised on Kickstarter Exceed Those

question 53

Multiple Choice

What happens if the funds raised on Kickstarter exceed those specified at the start of the project?

• A)The excess money is contributed to a general fund.
• B)The owner of the project can keep the excess funds.
• C)No one is allowed to contribute once the goal has been attained.
• D)The excess must be returned to the last contributors.

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Definitions:

Investing Activities

These activities relate to the acquisition and disposal of long-term assets and other investments not included in cash equivalents, within the statement of cash flows.

Common Stock

Common stock represents shares in a company that entitle holders to vote at shareholder meetings and receive dividends, typically possessing residual ownership in the company.

Manufacturing Facilities

The physical plants, factories, and machinery used in the process of producing goods.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to the net profit or loss.