An Example of an Increase in Net Assets for a Not-For-Profit

question 23

Multiple Choice

An example of an increase in net assets for a not-for-profit organization that would be labeled revenue rather than support is:

• A) An unconditional promise to give.
• B) Investment income.
• C) A restricted gift.
• D) An allocation of funds from the local United Way organization.

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Definitions:

Selectively Attended

The cognitive process of focusing on a particular object in the environment for a certain period, while ignoring other perceivable information.

Long-term Memory

A type of memory storage that can hold information for extended periods of time, ranging from minutes to a lifetime, encompassing a wide range of knowledge, experiences, and skills.

Meaningful

Having significance, purpose, or value that is important to an individual or group.

Iconic Memory

A form of sensory memory that temporarily stores visual information, representing items or events with picture-like accuracy.