Section 4431 Contains a Compromise Applicable to Not-For-Profit Organizations Whose

question 22

Multiple Choice

Section 4431 contains a compromise applicable to not-for-profit organizations whose two-year average annual revenues are less than $500,000. These organizations must disclose all of the following EXCEPT:

• A) accounting policy for capital assets.
• B) information about capital assets not shown in the balance sheet.
• C) the amount expensed in the current period if their policy is to expense capital assets when acquired.
• D)an appraised listing of the organizations capital assets, showing book values and appraised market values.

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Definitions:

Social Readjustment Rating Scale

A scale that assigns numerical values to the stress level of different life events, used to assess an individual's risk to stress-related illnesses.

Immune System

The body's defense mechanism against infectious organisms and other invaders, comprising various cells, tissues, and organs that work together to protect the body.

Cortisol

A steroid hormone released by the adrenal glands in response to stress or low blood-glucose concentration; it plays a key role in the body's stress response and helps regulate metabolism, immune response, and blood pressure.

Infections

The invasion and multiplication of microorganisms such as bacteria, viruses, and parasites that are not normally present within the body.