Which Entry Would Be the Correct Entry on the Donor's

question 48

Multiple Choice

Which entry would be the correct entry on the donor's books when the donor retains control of an asset that it contributes to a not-for-profit organization? $$\begin{array} { l l } { \text { DEBIT } } & \text { CREDIT } \\\hline \text { A) Expense-charitable contribution } & \text { Cash } \\\text { B) Refundable advance to charity } & \text { Cash } \\\text { C) Charitable pledge } & \text { Cash } \\\text { D) Cash } & \text { Liability to beneficiary } \\\text { E) Cash } & \text { Refundable advance }\end{array}$$

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Definitions:

Market For Candy

A consumer market segment dealing with the buying and selling of various types of candies.

Price

The amount of money required to purchase a product or service.

Demand Curve

A graphical representation showing how the quantity demanded of a good or service varies with its price.

Linear

A mathematical relationship or function that can be graphed as a straight line, representing a constant rate of change.