Unconditional Transfers of Cash or Other Resources to an Entity

question 1

Multiple Choice

Unconditional transfers of cash or other resources to an entity in a voluntary nonreciprocal transaction is the GAAP definition of:

• A) Miscellaneous revenues.
• B) Contributions.
• C) Unconditional promises to give.
• D) Exchange transactions.
• E) Pledges.

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Definitions:

Desired Outcome

The specific, intended result or effect of an action, intervention, or process, often set as a goal or objective.

Cephalin

A class of phospholipids found in animal and plant tissues, important for the building of cell membranes.

Fatty Acid

Carboxylic acids with long aliphatic chains, which can be saturated or unsaturated, and are key components of lipids in living organisms.

Insoluble

A substance that does not dissolve in a specific solvent under certain conditions.