Which of the following would result in higher income under the restricted fund basis as compared to the deferral method for a not-for-profit organization in its first year of operations?
A)When unrestricted cash donations are received.
B)When funds are expended on capital assets.
C)Where pledges are received for a building to be constructed in a future year.
D)When cash donations are received for land to be purchased in a future year.

Question

Quizplus · Accepted Answer

The Answer of Which of the following would result in higher income under the restricted fund basis as compared to the deferral method for a not-for-profit organization in its first year of operations?
A)When unrestricted cash donations are received.
B)When funds are expended on capital assets.
C)Where pledges are received for a building to be constructed in a future year.
D)When cash donations are received for land to be purchased in a future year.

Which of the Following Would Result in Higher Income Under