Which of the Following Statements Related to Accounting for Donated

question 35

Multiple Choice

Which of the following statements related to accounting for donated goods and services for a not-for-profit (NFP) organization is true?

• A)Recording the value of donated goods and services could be useful in evaluating management performance.
• B)Recording the value of donated goods and services could result in inflated earnings.
• C)Recording the value of donated goods and services enhances stewardship reporting.
• D)Recording the value of donated goods and services is required by the CICA Handbook.

---

Definitions:

Ethnography

A qualitative research method focused on the systematic study of people and cultures from the insider perspective.

Phenomenological Approach

A method in social science that focuses on the subjective experience of individuals, emphasizing personal perception and meaning as the primary source of knowledge.

Subjective Aspects

Elements or perspectives that differ according to individual feelings, tastes, or opinions.

Primary Deviance

The initial act of rule breaking or deviant behavior before being labeled as deviant by society.