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

question 70

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 money is simply passing through the not-for-profit entity, it creates no direct benefit, and control of the assets has been relinquished by the donor? 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

Understand the main differences between modern and traditional approaches to cost management.

Comprehend the concept of business process re-engineering and its impact on cost and quality improvements.

Understand the basic concepts and types of e-commerce transactions.

Identify and categorize different kinds of costs related to inventory management.

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Definitions:

Cohort

A group of people banded together or treated as a group, often used in studies to examine variables affecting specific populations over time.

Clique

A small, exclusive group of individuals who share interests, views, or status, often within a larger social setting like a school.

Crowd

A large number of individuals gathered together, often with a common purpose or intent.

Basic Growth Tendencies

The fundamental patterns or directions that development and growth typically follow in organisms.