Which Entry Would Be the Correct Entry on the Not-For-Profit

question 40

Multiple Choice

Which entry would be the correct entry on the not-for-profit entity's books to record a donor's gift when the donor retains power over the assets? DEBIT CREDIT

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

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Definitions:

Palliative Care

Specialized medical care focused on providing relief from the symptoms and stress of a serious illness, aimed at improving the quality of life for both the patient and the family.

Euthanasia

The practice of intentionally ending a life to relieve pain and suffering, often in the context of terminal illness.

Hospice Care

Specialized care designed to provide support to individuals in the advanced stages of illness, focusing on comfort and quality of life.

Delusional Thoughts

False beliefs held with strong conviction in spite of superior evidence to the contrary, often found in psychiatric conditions.