Indicate Your Choice by Entering the Letter Corresponding to the Correct

question 2

Multiple Choice

Indicate your choice by entering the letter corresponding to the correct term. A term may be used more than once or not at all.
-"Classification of investment income from endowment investments if there are no donor restrictions as to income" describes which term listed above?

• A)Fair value
• B)Net assets without donor restrictions
• C)GASB
• D)FASB
• E)Statement of Revenues,Expenditures,and Changes in Fund Balance
• F)Lower of cost or market
• G)Accrual method
• H)Statement of Activities
• I)General fund,restricted fund,endowment fund
• J)Modified accrual method
• K)Net assets with donor restrictions
• L)Endowment fund
• M)Unrestricted,temporarily restricted,permanently restricted
• N)Depreciation
• O)Works of art and other historical treasures
• P)General fund
• Q)Cost

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Definitions:

Office Supplies

Consumable items used in offices or businesses for daily activities, such as pens, paper, and staplers.

Cash

Money in the form of coins or banknotes, especially that held by an organization or in a financial institution.

Total Asset Turnover Ratio

The total asset turnover ratio measures how efficiently a company uses its assets to generate sales, calculated by dividing revenue by total assets.

Sales Revenue

Income received from selling goods or services over a period of time.