Which Statement Below Is Not Correct

question 5

Multiple Choice

Which statement below is not correct?

• A) The accounting period in which pledged revenues are recognized is dependent on donor specifications.
• B) The permanently restricted section of a nonprofit organization's net assets is set aside by donor restrictions.
• C) A contributed asset is recognized as revenue by a nonprofit organization.
• D) Depreciation expense is not recognized by nonprofit organizations.
• E) Nonprofit organizations issue a statement of activities.

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Definitions:

Prevent Sharp

Aims to eliminate or mitigate harsh or abrupt transitions in a design or process to enhance safety or usability.

Overlap

A situation where parts of objects cover parts of others or the extension of one part over another, often requiring careful planning in design and assembly.

Larger Sheet

A format of drawing or paper size that is bigger than standard dimensions, used for detailed or expansive technical drawings.

Smaller Sheets

Sheets of material that are smaller in dimensions compared to standard sizes.