Under GAAP,for Nonprofit,nongovernmental Entities,an Unconditional Transfer of Cash or Other

question 11

Multiple Choice

Under GAAP,for nonprofit,nongovernmental entities,an unconditional transfer of cash or other assets to an entity,or a settlement or cancellation of its liabilities in a voluntary,non-reciprocal transfer,is called a(n)

• A)unconditional promise to give.
• B)contribution.
• C)conditional promise to give.
• D)residual equity transfer.

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Definitions:

Speed

The rate at which someone or something is able to move or operate, or the ability to move quickly.

Stimulus Generalization

The tendency of a learned response to occur in the presence of stimuli similar to the original stimulus that elicited the response.

Older-Looking Woman

Refers to a woman who appears to be older than her chronological age, due to factors such as physical features or styling.

Surprise

An emotional response to an unexpected event, which can range from mild to intense depending on the nature of the surprise.