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:

• A) An unconditional promise to give.
• B) Investment income.
• C) A restricted gift.
• D) An allocation of funds from the local United Way organization.

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Definitions:

Mindfulness

A mental state achieved by focusing one's awareness on the present moment, while calmly acknowledging and accepting one's feelings, thoughts, and bodily sensations, used as a therapeutic technique.

Procedural Knowledge

Knowledge of how to perform various tasks, often implicit and expressed through actions rather than verbal instructions.

Practicing

The process of repeatedly performing or exercising a skill in order to improve or maintain proficiency.

Feedback

Information given to a person or system about their performance or behavior, used as a basis for improvement.