When a Donor Makes a Gift That Is Accounted for in a Private

question 4

Multiple Choice

When a donor makes a gift that is accounted for in a Private Purpose Trust Fund,which account should be credited?

• A)Additions - donations
• B)Deferred revenues
• C)Net appreciation in fair value of investments
• D)Transfers in to Private Purpose Trust Fund

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Definitions:

Ethical Principles

Fundamental guidelines or rules that govern ethical behavior and decision-making.

Decision Making

The process of selecting among several alternatives to achieve a desired outcome or solve a problem.

Organizational Rewards

The benefits, both tangible and intangible, that an organization offers to its members for their contributions.

Collective Accomplishments

Achievements or outcomes that result from the collaborative efforts of a group or team.