Question
Select from the option list provided the appropriate description of each statement below related to accounting and reporting by a nongovernmental NFP. Each choice may
Select from the option list provided the appropriate description of each statement below related to accounting and reporting by a nongovernmental NFP. Each choice may be used once, more than once, or not at all. Statement 1. Alternative measure of an unconditional promise to give collectible within 6 months. 2. Ordinarily used to measure a contribution or promise to give. 3. Classification of a contribution of utilities. 4. A written or oral agreement to contribute assets to another entity. 5. Designed to generate investment income in perpetuity. 6. Recognized if they would usually be purchased if not obtained by donations. Description iii Select an option below Unconditional promise to give Donor-restricted endowment fund Permanent restriction Temporary restriction Net realizable value Select an option below Fair value Cost Carrying amount of donor Present value Implied time restriction Contributions of other assets Contributions of services
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