An Example of an Increase in Net Assets for a Not-For-Profit

question 23

Multiple Choice

An example of an increase in net assets for a not-for-profit organization that would be labeled revenue rather than support is:

• A) An unconditional promise to give.
• B) Investment income.
• C) A restricted gift.
• D) An allocation of funds from the local United Way organization.

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Definitions:

Cortex

The outermost layer of the brain, involved in numerous high-level brain functions such as thought, memory, and decision-making.

Carroll Izard

An American psychologist known for his contributions to the understanding of emotions, including the development of the Differential Emotions Theory.

Basic Emotions

Fundamental emotions that are universally experienced by humans, such as joy, sadness, fear, disgust, surprise, and anger.

Lust

Lust is an intense desire or craving, often used to describe a strong sexual attraction towards someone.