For NFPs with a GAAP Constraint, the CICA Handbook ________

question 39

Multiple Choice

For NFPs with a GAAP constraint, the CICA Handbook ________.

• A)permits disbursement basis accounting
• B)permits disbursement or expense basis accounting
• C)requires expenditure basis accounting
• D)requires expense basis accounting

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Definitions:

Nascent Entrepreneurs

Individuals who have set up a business they will own or co-own that is less than 3 months old and has not yet generated wages or salaries for the owners.

Generated

Created, produced, or brought into existence through a process or action.

Mobile Tool

A portable software application or platform designed to perform specific tasks on mobile devices.

Nascent Entrepreneurs

Individuals in the process of starting a new enterprise, actively involved in organizing and initiating a business endeavor.