Which of the Following Would Be Considered "Contribution Revenue or Support

question 48

Multiple Choice

Which of the following would be considered "contribution revenue or support" of a not-for-profit organization under FASB standards?

• A) Gain on disposal of capital assets.
• B) Money received from a fund-raising campaign.
• C) Money received from rental of surplus office space.
• D) Investment earnings.

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Definitions:

Statement Of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its operational, investing, and financing activities.

Financing Activities

Transactions and events where cash is raised for, or repaid to, shareholders and creditors, typically including issuing and redeeming bonds, shares, and making loan repayments.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not including cash equivalents.

Future Economic Benefit

An advantage or profitable impact expected to be achieved in future periods from an asset.