1. How should a nongovernmental not-for-profit organization report donor-restricted cash contributions for permanent endowment purposes in its statement of cash flows?

		A. Financing activity inflow.
		B. Operating activity inflow.
		C. Investing activity inflow.
		D. As a noncash transaction

2. How should unconditional pledges received by a nongovernmental not-for-profit organization that will be collected over more than one year be reported?

		A. Long-term pledges receivable, valued at the expected collection amount.
		B. Pledges receivable, valued at their present values.
		C. Deferred revenue, valued at present value.
		D. Pledges receivable, valued at the amount pledged.

3. In a not-for-profit organization, which of the following should be included in total expenses?

		A. Grants to other Organizations Depreciation Yes Yes
		B. Grants to other Organizations Depreciation Yes No
		C. Grants to other Organizations Depreciation No No
		D. Grants to other Organizations Depreciation No Yes