Which of the Following Would Result in Higher Income Under

question 7

Multiple Choice

Which of the following would result in higher income under the restricted fund basis as compared to the deferral method for a not-for-profit organization in its first year of operations?

• A)When unrestricted cash donations are received.
• B)When funds are expended on capital assets.
• C)Where pledges are received for a building to be constructed in a future year.
• D)When cash donations are received for land to be purchased in a future year.

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Definitions:

Foreign Affairs

Activities and policies related to a country's interactions with other countries, including diplomacy, trade agreements, and international conventions.

Political Change

Transformations in the nature, structure, and activities of political entities and processes, often resulting from social movements, revolutions, or legal reforms.

Coinage Act

A law governing the creation and regulation of coins as legal tender, specifying their composition, weight, and value.

National Currency

National currency refers to the official money issued by a country's government or central bank, used as the medium of financial transaction within its borders.