Which Entry Would Be the Correct Entry on the Not-For-Profit

question 17

Multiple Choice

Which entry would be the correct entry on the not-for-profit organization's books to record a donor's gift when power over the assets has been retainedby the donor?

• A)debit expense-charitable contribution,credit cash.
• B)debit refundable advance to charity,credit cash.
• C)debit cash,credit liability to beneficiary.
• D)debit cash,credit refundable advance.
• E)debit cash,credit contribution revenue.

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Definitions:

HRM Adaptation

The process by which human resource management practices are tailored to fit the changing needs and objectives of an organization.

Technology Impact

The effect that technological advancements have on businesses, economies, and societies, including changes in efficiency, communication, and innovation.

Countertrend

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Environmental Scanning

A process used by organizations to monitor, analyze, and evaluate their external environment to identify opportunities and threats.