Contributions Received in a Prior Period and Restricted by the Donor

question 54

True/False

Contributions received in a prior period and restricted by the donor for construction of a building were reported as increases to "temporarily restricted net assets" in the period received.When the building is constructed in a subsequent period an NFP would report "contributions" for the amount released from restrictions.

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Definitions:

Bottom-Up Processing

An approach to processing information that starts with small details and works up to a comprehensive picture.

Figure And Ground

A principle of visual perception that denotes how objects (figure) stand out from their background (ground).

Bottom-Up Processing

An approach to information processing that starts with the sensory input and builds up to the final representation in the mind.

Subjective Contours

Visual illusions that create the perception of an edge or outline where none actually exists, highlighting complex brain functions in interpreting sensory information.