If a Not-For-Profit Organization That Usually Has Had Annual Revenues

question 43

Multiple Choice

If a not-for-profit organization that usually has had annual revenues well below $500,000, subsequently has (for two years or more) revenues significantly higher than $500,000, how must it report its Capital Assets?

• A) It must capitalize and amortize retroactively.
• B) It must continue following the same policy.
• C) It must capitalize and amortize prospectively.
• D)It must capitalize, but not amortize, retroactively.

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Definitions:

Dopamine Activity

The biochemical actions related to dopamine, a neurotransmitter involved in many functions including mood regulation, motivation, and reward perception.

Bipolar Disorders

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GABA Depletion

A condition where there is a decrease in gamma-aminobutyric acid, a key neurotransmitter in the brain associated with regulating nervous system excitability.

Ion Transport

The movement of ions across biological membranes, which is crucial for a variety of physiological processes, including signaling in nerve cells.