If a Not-For-Profit Organization Has Revenues in Excess of $500,000

question 50

Multiple Choice

If a not-for-profit organization has revenues in excess of $500,000, how must it report its capital assets?

• A) All asset purchases must be immediately and entirely expensed.
• B) All capital assets must be capitalized and amortized.
• C) All capital assets must be capitalized but not amortized.
• D) All capital assets must be disclosed in a note to the financial statements.

Understand the concept of cognitive scaffolding and its importance in child development.

Comprehend the stages of cognitive development as proposed by Piaget, including key characteristics and capabilities of each stage.

Identify and explain the development of theory of mind in young children.

Recognize the role of language and verbal self-regulation in cognitive development as highlighted by Vygotsky.

---

Definitions:

Cash Flow From Assets

The total amount of money being transferred in and out of a business, particularly from operational, investing, and financing activities.

Shareholders' Equity

The ownership interest of shareholders in a company's assets, once all liabilities have been subtracted.

Net Working Capital

Net working capital is the difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of the company.

Net Fixed Assets

The value of all fixed assets in a company, such as property, plant, and equipment, after accounting for depreciation and amortization.