_____ Under FAS 117, which of the following items could not be reported at their net amounts?
A) Revenues and expenses pertaining to the major annual special-event fundraiser.
B) Investment revenues and investment advisory fees.
C) The sale of excess land no longer needed for its ongoing activities.
D) A contribution of $10,000 with the stipulation that $8,000 be used to acquire a capital asset.
E) None of the above.

Question

_____	Under FAS 117, which of the following items could not be reported at their net amounts?
A) Revenues and expenses pertaining to the major annual special-event fundraiser.
B) Investment revenues and investment advisory fees.
C) The sale of excess land no longer needed for its ongoing activities.
D) A contribution of $10,000 with the stipulation that $8,000 be used to acquire a capital asset.
E) None of the above.

Quizplus · Accepted Answer

The Answer of _____	Under FAS 117, which of the following items could not be reported at their net amounts?
A) Revenues and expenses pertaining to the major annual special-event fundraiser.
B) Investment revenues and investment advisory fees.
C) The sale of excess land no longer needed for its ongoing activities.
D) A contribution of $10,000 with the stipulation that $8,000 be used to acquire a capital asset.
E) None of the above.

_____ Under FAS 117, Which of the Following Items Could Not