Which of the Following Statements Is True Regarding Fund Accounting

question 51

Multiple Choice

Which of the following statements is true regarding fund accounting for not-for-profit organizations (NPOs) ?

• A)Fund accounting may provide a good mechanism for facilitating reporting to donors for restricted grants.
• B)Fund accounting may be used by NPOs for external purposes,but not internal purposes.
• C)Fund accounting is not allowed.
• D)SFAS Nos.116 and 117 method of reporting three classes of net assets (unrestricted,temporarily restricted,and permanently restricted)replaces fund accounting for both internal and external reporting purposes.

Understand the role of signal sequences in gene expression and protein targeting.

Evaluate the ethical, environmental, and health concerns associated with biotechnological approaches in agriculture.

Distinguish between the benefits and risks of genetically modified organisms (GMOs).

Understand the traditional objectives of corporate governance and shareholder interests.

---

Definitions:

Preschoolers

Children who are typically aged between 3 to 5 years old, not yet enrolled in kindergarten.

Concept of Death

The understanding and awareness of the end of life and the cessation of biological functions that define living organisms.

Guilty

A legal status of a person who has been found responsible for committing a crime or offence by a judicial body.

Palliative Care

Specialized medical care focused on providing relief from the symptoms and stress of a serious illness.