Which of the Following Is Not True of a Statement

question 38

Multiple Choice

Which of the following is not true of a Statement of Activities prepared for a private college or university?

• A) Reimbursement type grants are recorded as operating revenue when qualifying expenses are made, not when the grant is approved.
• B) Reclassifications from temporarily restricted to unrestricted net assets are reported when the donor's restrictions have been met.
• C) Expenses may be unrestricted or temporarily restricted depending on donor intent.
• D) All of the above are true.

---

Definitions:

Self-Esteem

An individual’s subjective evaluation of their own worth, comprising feelings of confidence, respect, and self-acceptance.

Constantly-Changing

Refers to something that is in a state of continuous movement or flux, not remaining the same over time.

Dynamic Concept

A notion or idea that is subject to change and capable of evolution or development over time.

Fully Functioning Person

A term used by Carl Rogers to describe an individual who is living optimally with self-awareness and authenticity, open to experience, and continually growing.