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:

Peroneal

Associated with the fibula.

Femoral

Pertaining to the femur or thigh, the longest and strongest bone in the human body.

Cervical Plexus

A network of nerves in the neck that supplies movement and sensation to the neck, shoulders, and upper chest.

Brachial Plexus

A network of nerves that originates in the neck region and supplies nerve energy to the shoulders, arm, forearm, hand, and fingers.