With respect to collections, nongovernment not-for-profit ...

[rl]

With respect to collections, nongovernment not-for-profit organizations are
 
  A. Required to capitalize all collections.
  B. Prohibited from capitalizing collections.
  C. Required 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 116 was adopted.

Question 2

Accounting is an activity of the
 a. management process
  b. operations process
  c. information process
  d. organization process

[Eazy416]

Answer to Question 1

D

Answer to Question 2

B

[rl]

Wow, this really help

[dreamfighter72]

Thanks for the timely response, appreciate it