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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:

Comprehend postvention strategies and their importance in the context of suicide.
Recognize appropriate language when discussing suicide to avoid stigmatization.
Understand gender trends in relation to violent behaviors, specifically homicide.
Identify high risk groups for suicide and understand the factors contributing to their risk levels.

Definitions:

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, which can affect costs.

Actual Price

The real price at which a transaction occurs, as opposed to an estimated or listed price.

Direct Materials

Raw materials that can be directly traced to the production of specific goods or services, reflecting in the cost of goods sold.

Materials Price Variance

The difference between the actual cost and the standard cost of materials used in production.

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