Which Entry Would Be the Correct Entry on the Not-For-Profit

question 54

Multiple Choice

Which entry would be the correct entry on the not-for-profit organization's books to record a donor's gift when power over the assets has been retained by the donor? $\begin{array} { l l }\text {DEBIT}&\text {CREDIT}\\ \text { A) Expense-charitable contribution } & \text { Cash } \\ \text { B) Refundable advance to charity } & \text { Cash } \\ \text { C) Cash } & \text { Liability to beneficiary } \\ \text { D) Cash } & \text { Refundable advance } \\ \text { E) Cash } & \text { Contribution revenue } \end{array}$

• A) Option A
• B) Option B
• C) Option C
• D) Option D
• E) Option E

---

Definitions:

Frequency Polygon

A graphical representation of the distribution of numerical data. It is a line graph of class frequencies plotted against mid-point values.

Normal Distribution

A bell-shaped distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence.

Outliers

Data points that significantly differ from other observations in a dataset, potentially indicating a measurement error or a different underlying process.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, aiming to provide a description of the set’s overall behavior.