A Voluntary Health and Welfare Organization Reports Pledges Receivable on Its

question 51

Multiple Choice

A voluntary health and welfare organization reports pledges receivable on its statement of financial position at the present value of the future cash collections.How is the increase in the present value of the pledges receivable,which is due to the passage of time,reported on the voluntary health and welfare organization's statement of activities?

• A)As interest income-temporarily restricted.
• B)As an increase in pledges receivable-temporarily restricted.
• C)As an increase in contributions-temporarily restricted.
• D)As an increase in deferred revenue-temporarily restricted.

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Definitions:

Translation

The process by which the nucleotide sequence of an mRNA is converted into the amino acid sequence of a protein.

Lactose

A sugar composed of glucose and galactose, found in milk and dairy products, which requires the enzyme lactase for digestion.

Gene Amplification

The developmental process in which certain cells produce multiple copies of a gene by selective replication, thus allowing for increased synthesis of the gene product. Compare with nuclear equivalence and genomic rearrangement.

Specific Protein

A particular protein with a unique function or role, often distinguished by its structure and activity within biological processes.