17. On a Statement of Activities for a not-for-profit entity, what are the broad categories of supporting service costs required to be reported? a) Fund-raising expenses and operating expenses. b) Program services expenses and administrative services expenses. e) Fund-raising expenses and supporting services expenses. d) Fund-raising expenses and administrative expenses. e) Operating expenses and administrative expenses. 18. When individuals are considering whether to make a donation to a not-for-profit entity, the answer to which of the following questions is not typically sought? a) Will donated funds be used effectively by the entity to accomplish its purpose? b) Will the donated funds be wasted? c) How much should this entity receive? d) Is this entity profitable? e) Is contributing to this charity a wise allocation of resources? 19. Prior to ASU 2016-14, what are the three categories of net assets required by GAAP in reporting of a not-for-profit entity? a) Unrestricted, Temporarily Restricted, and Permanently Restricted. b) Unrestricted, Restricted, and Fund Balance. c) Restricted, Permanently Restricted, and Fund Balance. d) Unrestricted, Temporarily Restricted, and Fund Balance. e) None of these answer choices are correct. 20. What is the basis of accounting used in reporting the Statement of Activities? a) Cash basis b) Modified accrual basis. c) Accrual basis. d) Either cash basis or accrual basis, depending on the type of revenue. e) Either modified accrual basis or accrual basis, depending on the type of revenue. 21. When are unconditional promises to give recognized as revenues? a) In the period the promise is received. b) In the period the promise is collected. c) In the period in which the conditions upon which they are contingent are substantially met d) In the period in which the conditions upon which they are contingent have begun to be met. e) Unconditional promises from potential donors are not revenues