33. Which of the following would not be reported as required supplementary information? a) Comparison of actual to original budget b) Subsequent Events c) Details of pension actuarial vakuations d) The condition of infrastructure 34. The basis of secoumting used by private ot-fe geofi ganizations in hcir external francial reports is: a) Industry-specific basis of accounting b) Cash basis of accounting c) Modified accrual basis of accounting. d) Accrual basis of accounting 35. The Statement of Cash Flows for a not-for-profit should be divided into which of the following categories of cash flows? a) Openating activities, investing activities, capital & related capital activities. non- capital activities b) Operating activities, capital activities, investing activities c) Operating activities, financing activities, capital activaies d) Operating activities, financing acrivities, investing activities 36. Revenues of a not-for-profit organiration should be reported as: a) Increases in one of the three canegories of net assets b) Increases in unrestricted net assets c) Increases in temporarily restricted net assets. d) Increases in permanently restricted net assets. 37. The National Association for the Preservation of Wilidlife received $10,000 from a benefactor to support the overall objective of the organization. This amount will be recognized as revenwe: a) In the period received. b) In the period spent c) Never, because it is not earned. d) In the period it becomes susceptible to accrual. 38. A not-for-profit Art Museum that has elected not to capitalize its art collection receives a donation of a rare piece of Indian art. The donor paid $8,000 for the piece several years ago. Today the piece has an estimated fair value of $50,000. What entry should the Art Museum make upon receipt of this donation? a) Debit Collection items $50,000; Credit Donated revenue $50,000. b) Debit Collection items $8,000; Credit Donated revenue $8,000. c) Debit Collection items $50,000; Credit Unrestricted net assets $50,000. d) No entry required