A Good Reason for NNOs to Adopt Fund Accounting Even

question 15

Multiple Choice

A good reason for NNOs to adopt fund accounting even though FASB standards do NOT require it is because:

• A) the capital assets are significant.
• B) the donated services are significant.
• C) the program services are involved with more than one type of revenue.
• D) restrictions are placed by donors in many cases.

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Definitions:

Food Choices

The selection of foods based on personal preferences, cultural practices, nutritional values, and environmental factors.

Vending Machines

Automated machines that dispense products—such as snacks, beverages, and even electronics—to consumers after money, a credit card, or a specially designed card is inserted.

Body Image

A person’s idea of how his or her body looks.

Volleyball Uniform

A standardized set of clothing worn by players during a volleyball game, often designed for functionality and team identification.