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Subject Topic: Not for profit MCQ (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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phung80219
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Posted: 08 May 2010 at 00:39 | IP Logged  

Hi, can someone explain to me why the answer is a) $10,000?



thanks!

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Jan_in_WI
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Posted: 08 May 2010 at 14:55 | IP Logged  

Hi,

I found this information on the Web:

Fund-raising activities include publicizing and conducting fund-raising campaigns; maintaining donor mailing lists; conducting special fund-raising events; preparing and distributing fund-raising manuals, instructions and other materials; and conducting other activities involved with soliciting contributions from individuals, foundations, government agencies and others. Membership-development activities include soliciting for prospective members and membership dues, membership relations and similar activities.

Here is a link to the site:
http://www.labyrinthinc.com/SharedContent/SingleFaq.asp?faqi d=31

Hope it helps,

Jan
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njacct09
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Posted: 08 May 2010 at 16:49 | IP Logged  

I had issues with this MCQ also, If we're using the same material, check out page 9-47.

The way I think of it going forward is that "fund-raising" expenses and "membership development" are both support services, however they must be presented separately.



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divyagovil1
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Posted: 12 May 2010 at 09:32 | IP Logged  

njacct09 wrote:
I had issues with this MCQ also, If we're using the same material, check out page 9-47.

The way I think of it going forward is that "fund-raising" expenses and "membership development" are both support services, however they must be presented separately.

Yes, this mcq confused me too when I was preparing for this exam... May be this link can shed some light:

http://www.cpanet.com/cpa_forum/forum_posts.asp?TID=22306&am p;get=last#140428



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