Where Should Endowment Contributions Be Presented in the Financial Statements

question 33

Multiple Choice

Where should endowment contributions be presented in the financial statements of a not-for-profit organization under the deferral method?

• A)They are reflected in the notes to the financial statements.
• B)They are used to effect a reduction to a related expense account.
• C)They are reflected in the statement of changes in net assets.
• D)They are shown on the Statement of Cash Flows.

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Definitions:

Gene Therapy

A medical technique that modifies a person's genes to treat or prevent disease.

Ex Vivo

A process or experiment conducted on tissues from a living organism in an external environment with minimal alteration.

Bone Marrow

A spongy tissue found inside bones where blood cells are produced.

Gene Therapy

A medical treatment that involves altering the genes inside a person's cells to treat or prevent disease.