In the Current Year, the Not-For-Profit Organization (NFP) How to Read

question 63

Multiple Choice

In the current year, the not-for-profit organization (NFP) How to Read Government Financial Reports received both cash of $1,000 and pledges of $2,000 to be used for teaching citizens how to read government financial reports. During the year the organization spent $1,500 teaching citizens to read financial statements. Assuming the NFP has a policy of spending its restricted resources first, in the current year what amount of contributions can be reclassified as without donor restrictions?

• A) $1,000.
• B) $1,500.
• C) $2,000.
• D) $3,000.

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Definitions:

Long-Term Nursing Facility

A healthcare institution providing extended care and services to individuals with chronic conditions or disabilities.

Withdrawn

Characterized by a state of minimal interaction with others, often due to depression or social anxiety.

Physical Examination

A comprehensive evaluation of a patient's body and bodily functions through various techniques such as observation, palpation, percussion, and auscultation, to detect any signs of disease.

Middle-Aged Adult

Typically refers to individuals aged between 45 and 65 years, transitioning between young adulthood and old age.