Ch 9 cost accounting.docx - Which of the following pledges of support would not be recognized in the year the pledge was made A pledge with no

Ch 9 cost accounting.docx - Which of the following pledges...

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Which of the following pledges of support would not be recognized in the year the pledge was made?A pledge with no restrictions, but conditional on receiving matching pledgesUnder FASB statement 117, reclassifications of net assets are NOT made:For permanently restricted net assetsWhich of the following is true of a Statement of Cash Flows for a private sector, private not-for-profit organization?If the direct method is used, the not for profit must also present a reconciliation betweentotal change in net assets and cash flows from operating activitiesWhich of the following is not true of a Statement of Activities prepared for a private not-for-profit organization?Unrealized gains (losses) on investments are shown only as increases (decreases) in unrestricted net assetsThe statement of Functional Expenses:Is required of voluntary health and welfare organizationsWhich of the following is not a condition for recording donated services?The individual providing the service provides an invoice detailing the hours contributed but waives the requirement for paymentA donor made a cash contribution of $90,000 to a private not-for-profit organization for the purpose of acquiring a building. The not-for-profit organization properly recorded thegift of cash as temporarily restricted revenue. When the building is acquired, the organization should:Record the building as either unrestricted or temporarily restricted, as long as a consistent policy is followed

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