Examlex

Solved

Cash Received by a Nongovernmental NPO in Year 1 That

question 9

True/False

Cash received by a nongovernmental NPO in year 1 that the donor stipulates is to cover operating expenses of the following year should be recognized as an "increase in temporarily restricted net assets" in year 1 and as "net assets released from restrictions" in year 2.


Definitions:

Phobic Disorders

A category of anxiety disorders characterized by an excessive and irrational fear of specific objects, situations, or activities.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of mental disorders used by healthcare professionals.

Anxiety Disorders

A group of mental health disorders characterized by excessive fear, anxiety, and related behavioral disturbances.

Excessive Apprehension

An overly intense worry or fear about future events or outcomes, beyond what may be considered normal or rationale.

Related Questions