How Does a For-Profit Organization Record Contributions Made to a Private

question 11

Multiple Choice

How does a for-profit organization record contributions made to a private not-for-profit organization?

• A) As an expense when originally pledged.
• B) As a reduction in revenue when pledged.
• C) As an expense when contributed.
• D) As a reduction in revenue when contributed.

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Definitions:

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A positive evaluation of oneself, reflecting a person's belief in their own worth and abilities.

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having the necessary ability, knowledge, or skill to do something successfully.