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

question 29

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 unrestricted?

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

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Definitions:

Inventory Investment

The purchase of goods and materials that are not currently needed for production but are held for future use, contributing to a company’s assets.

Inventory

The complete list of items such as property, goods in stock, or the contents of a building.

Disposable Income

Disposable income is the amount of money individuals or households have available for spending and saving after income taxes have been accounted for.

Disposable Income

The amount of money that households have available for spending and saving after income taxes have been accounted for, serving as an indicator of economic health.