A Not-For-Profit (NFP) Organization Acting as a Financial Intermediary Receives

question 57

Multiple Choice

A not-for-profit (NFP) organization acting as a financial intermediary receives a contribution. Under the FASB Codification the NFP would be most likely to recognize the contribution as a liability under which of the following situations?

• A) The NFP has variance power.
• B) The NFP is acting as an agent, receiving the contribution on behalf of another organization.
• C) The NFP is financially interrelated with the organization on whose behalf it received the contribution.
• D) The NFP has a 51 percent interest in the organization on whose behalf it received the contribution.

Understand the impact of John Lewis's establishment of the CIO on black workers' opportunities for organization.

Recognize unethical medical practices through the Tuskegee Study's withholding of treatment for syphilis.

Identify the first black Democrat in Congress and the significance of black Americans' shift from the Republican to the Democratic Party.

Comprehend the role of New Deal programs in benefiting black farmers and their economic conditions.

---

Definitions:

Utilities Industry

A sector that includes companies providing essential services such as water, electricity, and natural gas to consumers and businesses.

Image Advertising

A form of advertising designed to create a positive image of a brand or company, rather than promote individual products or services.

Customer Safety

Procedures, policies, and actions taken by a business to ensure the safety and well-being of its customers.

Capital Guidelines

Regulatory standards that determine the minimum amount of capital that banks and other financial institutions must hold, designed to ensure stability and manage risk.