Which of the Following Examples Best Represent an In-Kind Donation

question 37

Multiple Choice

Which of the following examples best represent an in-kind donation?

• A) Amanda, a social activist, donates 1/10^th of her annual income amount to a retirement home in her locality.
• B) Stalin, a sales manager at a global consumer electronics firm, contributes $500 in cash toward the medical expenditure of his ailing colleague.
• C) Nerden Inc., a food-processing unit, donates relief materials to victims of an earthquake in its country of operation.
• D) Niron Inc., an online retailer, contributes 10% of its annual turnover to adopt model villages.

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Definitions:

Investment Requirement

The minimum amount of money needed to invest in a particular venture, fund, or project.

Financial Plan

A comprehensive evaluation of an individual's or organization's current and future financial state by using currently known variables to predict future income, asset values, and withdrawal plans.

Forecast The Future

The practice of making predictions based on current and historical information, often using statistical models and analysis.

Depreciation Expense

The deliberate partitioning of the expenditure for a solid asset over its period of utility.