Which of the Following Is a Legitimate Reason for a Private

question 148

Multiple Choice

Which of the following is a legitimate reason for a private not-for-profit organization to have a surplus increase in net assets) ?

• A) To establish working capital.
• B) To retire debt.
• C) Expand or replace physical facilities.
• D) All of the above.

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Definitions:

Format Cells Dialog Box

A feature in spreadsheet software allowing users to change cell appearance, including formats for numbers, text, borders, and colors.

Decimal Places

The number of digits to the right of the decimal point in a number, indicating its precision.

Fill Handle

A tool in spreadsheet software used to automatically fill in cells with data based on the pattern of existing data.

Active Cell

In spreadsheet applications, the currently selected cell where data can be entered or edited.