Which Entry Would Be the Correct Entry on the Donor's

question 46

Multiple Choice

Which entry would be the correct entry on the donor's books when the donor retains control of an asset, such as cash, which it contributes to a not-for-profit entity? DEBIT CREDIT

• A) Expense-charitable contribution Cash
• B) Refundable advance to charity Cash
• C) Charitable pledge Cash
• D) Cash Liability to beneficiary
• E) Cash Refundable advance

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Definitions:

Lewis Structure

Representation of the distribution of electrons in molecules, showing how atoms are connected and where lone pairs of electrons are located.

Hydrogen Sulfide

A colorless, poisonous, flammable gas with the characteristic foul odor of rotten eggs; used in the manufacture of chemicals, in metallurgy, and as a fungicide and insecticide.

Lewis Structure

A graphical representation of molecules showing how valence electrons are distributed among atoms, and where dots and lines represent electrons and bonds, respectively.

Water

A molecule composed of two hydrogen atoms bonded to one oxygen atom, essential for all forms of life.