When an Enterprise Is the Recipient of a Donated Asset

question 36

Multiple Choice

When an enterprise is the recipient of a donated asset, the account credited would probably be a(n)

• A) equity account.
• B) revenue account.
• C) deferred revenue account.
• D) asset account.

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Definitions:

Outsourcing

Use of outside contractors or external organizations to acquire IT services.

Insourcing

Insourcing is the practice of performing a business function internally rather than outsourcing it to an external provider.

Onshoring

The practice of transferring a business operation that was moved overseas back to the country from which it was originally relocated.

Gigster's Business Model

A digital platform business model that connects companies with freelance software developers and designers to work on projects, leveraging a gig economy structure.