A nonprofit organization depends on earned income as its only revenue source. According to Worth, this action is an example of a/an ______.
A) liability
B) business risk
C) spending limit
D) equity concept
Correct Answer:
Verified
Q26: Accounting consists of rules for reporting financial
Q27: A statement of financial position shows a
Q28: Endowment funds are invested in perpetuity.
Q29: Having diverse sources of revenue minimizes risk
Q30: A board of directors may withdraw funds
Q32: Endowment management is governed by state law.
Q33: Bookkeeping is a method by which financial
Q34: Accrual basis accounting records financial transactions even
Q35: According to Worth, nonprofit organizations measure their
Q36: A nonprofit organization offers its employees a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents