With the Exception of Collections, Fixed Assets May Be Recorded

question 120

Multiple Choice

With the exception of collections, fixed assets may be recorded by a private not-for-profit as:

• A) Temporarily restricted
• B) Unrestricted
• C) Permanently restricted
• D) Either A or B.

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Definitions:

Ethical Consciousness

An individual’s or organization’s awareness and sensitivity to ethical issues and the ethical implications of their decisions and actions.

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and the emotions of others.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires, which is crucial for personal development and growth.

Empathy

The ability to understand and share the feelings of another, enabling a deeper connection and emotional understanding between individuals.