A Gift-In-Kind,for Which the Not-For-Profit Entity Has No Discretion on Disposition,should
A gift-in-kind,for which the not-for-profit entity has no discretion on disposition,should be accounted for by the not-for-profit,nongovernmental entity as
A)a special purpose contribution.
B)an exchange transaction.
C)an agency transaction.
D)a conditional promise to give.
Voluntary health and welfare organizations must report expenses classified by
B)function and natural classification.
C)restriction and natural classification.
D)restriction,function and natural classification.
Which one of the following statements is not required for voluntary health and welfare organizations?
A)A statement of financial position
B)A statement of activities
C)A statement of functional expenses
D)A statement of changes in net assets
Voluntary health and welfare organizations classify fund-raising costs as
A)costs of services sold.