The FASB Requires That Investments Initially Be Recorded by a Not-For-Profit

question 6

True/False

The FASB requires that investments initially be recorded by a not-for-profit organization at cost,or in the case of donated investments at fair value as of the date of the donation.

---

Definitions:

Reinforcement

In behavioral psychology, a process in which a stimulus increases the probability of a behavior by either presenting a positive reward (positive reinforcement) or removing a negative condition (negative reinforcement).

Behavioral Approach

A psychological concept focusing on observable behaviors and the ways in which it's possible to alter undesirable behaviors through conditioning.

Punishment

A process in operant conditioning where a response is followed by a stimulus that decreases the likelihood of the response occurring in the future.

Aggressive Impulses

Instinctive urges to act or react in a hostile or violent way towards others or oneself.