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:

Organizational Effectiveness

The efficiency with which an organization is able to meet its objectives.

Job Analysis

Job analysis is the systematic process of collecting and evaluating information about a job's tasks, responsibilities, necessary skills, outcomes, and work environment to identify the job's specifications and requirements.

Performance Standards

Established criteria to evaluate the efficiency, outcomes, and quality of work performed by employees.

Certificates

Official documents attesting to a certain fact or level of achievement, often used to verify education, training, or qualifications.