The Board of Directors for a Nongovernmental Not-For-Profit Organization Decided

question 30

Multiple Choice

The board of directors for a nongovernmental not-for-profit organization decided to designate $20,000 each year for the next three years to fund a special research project it was planning to conduct at the end of the three-year period.  How would these board-designated resources be reported on the statement of financial position?

• A) Net assets with donor restrictions.
• B) Net assets without donor restrictions.
• C) Internal payable.
• D) The resources would not be reported on the statement of financial position.

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Definitions:

Hyperthermic

Characterized by an abnormally high body temperature, often as a result of illness or environmental factors.

Temperature Document

A record maintaining the measurement of temperature over a period, used for monitoring environmental conditions or body temperature in healthcare.

Axillary Temperatures

Body temperature readings taken from the armpit area, often used to estimate core body temperature.

Rectally

Pertaining to or involving administration or measurement through the rectum.