1. Non-profit organizations must segregate assets that are subject restrictions imposed by
a) management
b) board of trustees
c) customers
d) donors
2. Which of the following services would be recorded as both support and an expense in a non-profit organization?
a) a volunteer who comes in to help set up for the annual fund-raising ball
b) a parent who is an accountant who volunteers to keep the organization’s books
c) a physician who volunteers to serve on a community health service center’s board.
29. Why does an organization keep cash?
3. Can a profitable organization run out of money? Explain.