Section 4430 Contains a Compromise Applicable to Not-For-Profit Organizations Whose

question 26

Multiple Choice

Section 4430 contains a compromise applicable to not-for-profit organizations whose provision two-year average annual revenues are less than $500,000.These organizations must disclose all of the following EXCEPT:

• A)their accounting policy for capital assets
• B)information about capital assets not shown in the balance sheet.
• C)the amount expensed in the current period if their policy is to expense capital assets when acquired.
• D)an appraised listing of the organizations capital assets,showing book values and appraised market values.

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Definitions:

Incubators

Organizations designed to accelerate the growth and success of startup and early-stage companies by providing entrepreneurs with resources and services such as physical space, capital, coaching, common services, and networking connections.

Accelerators

Programs designed to accelerate the growth of startups through mentorship, resources, and funding.

Cognitive Comprehensiveness

A process in which team members examine critical issues with a wide lens and formulate strategies by considering diverse approaches, decision criteria, and courses of action.

Decision Criteria

The standards or benchmarks that guide the decision-making process, helping individuals or organizations to choose among alternatives.