Under Which of the Following Circumstances Would a Not-For-Profit Organization's

question 23

Multiple Choice

Under which of the following circumstances would a not-for-profit organization's net assets be classified as temporarily restricted?

• A)donors impose stipulations on the use of resources that expire with the passage of time or that can be fulfilled by actions of the organization
• B)donors stipulate that resources must be held intact in perpetuity,but that the income from the gift may be used for any purpose desired by the organization's trustees
• C)the entity's board of directors requires that unrestricted resources be set aside for a specific purpose
• D)the bank lending money to the organization requires a percentage of maximum debt service to be set aside in a sinking fund

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Definitions:

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Elementary School

An institution responsible for the first stage of compulsory education, teaching children basic subjects and social skills.

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Health Prevention

Strategies and activities aimed at preventing the onset of disease or injury before it occurs, often through lifestyle modifications and screenings.