Author Question: With respect to collections, nongovernment, not-for-profit organizations are a. required to ... (Read 53 times)

khang · **on:** Jul 5, 2018

With respect to collections, nongovernment, not-for-profit organizations are

a. required to capitalize all collections.
b. prohibited from capitalizing collections.
c. permitted to either capitalize all collections or to capitalize no collections.
d. permitted to capitalize no collections, to capitalize all collections, or to capitalize only those collections acquired after FASB Statement No. 116 was adopted.

Question 2

Which of the following statements is false?
a. Value chain activities need to be closely coordinated.
b. Primary value chain activities include marketing and sales.
c. An organization's value chain is the only component of the value system.
d. None of the statements are false.