Which Entry Would Be the Correct Entry on the Donor's

question 42

Multiple Choice

Which entry would be the correct entry on the donor's books to record a gift to a not-for-profit organization when control of the assets is retained by the donor?

• A)debit expense-charitable contribution,credit cash.
• B)debit refundable advance to charity,credit cash.
• C)debit charitable pledge,creditcash.
• D)debit cash,creditliability to beneficiary. Edebit cash,credit refundable advance.

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Definitions:

Mineralocorticoids

A class of corticosteroids that are essential for regulating the balance of minerals and water in the body.

PTH

Parathyroid hormone, a regulator of calcium and phosphate metabolism in the body.

Insulin

A biochemical produced in the pancreas that helps regulate the amount of sugar in the blood by enabling tissues to absorb glucose.

ADH

Anti-Diuretic Hormone, a peptide hormone that regulates the body's retention of water by increasing water reabsorption in the kidneys.