For the 20X6 Fiscal Year, KU Care, a Not-For-Profit Organization

question 43

Multiple Choice

For the 20X6 fiscal year, KU Care, a not-for-profit organization, received $300,000 in unrestricted donations and $175,000 in donations designated specifically for cancer research. $200,000 of the unrestricted donations and $100,000 of the restricted donations were expended in 20X6 for current operations and cancer research, respectively. KU did not set up a separate fund for the restricted donation. Under the deferral method, how much of the donations should be reported as revenue in the statement of operations for the 20X6 fiscal year?

• A)$300,000
• B)$375,000
• C)$400,000
• D)$475,000

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Definitions:

Childhood Experiences

Refers to the range of events, interactions, and learning opportunities a person is exposed to during their early years of life, which significantly influence their development and future behavior.

Avoiding Disclosure

The act of intentionally withholding information or keeping certain details secret.

Highest Level

The peak or topmost position in a hierarchy or scale, representing the utmost degree of excellence, achievement, or power.

Self-disclosure

The act of revealing personal information about oneself to others, which can help in building trust and deepening relationships.