A donation may refer to the transfer of equipment:
Answer(s): C
A donation refers to the transfer of equipment, money, goods, services, and/or property with or without specifications as to the exact preferred use (no specific intent). In-Kind refers to contributions or assistance in a format other than money. An example is the equipment offered in lieu of cash. Benefits refer to the payment made or an entitlement available in accordance with arrangements such as wage agreement, insurance policy, and/or public assistance program.
A donation may NOT refer to the transfer of:
Answer(s): F
Which of the following refers to contributions or assistance in a format other than money?
Answer(s): A
An equipment offered in lieu of cash is a valid example of In- Kind.
Which of the following refers to the payment made or an entitlement available in accordance with arrangements such as wage agreement?
Post your Comments and Discuss RACC CRA exam dumps with other Community members:
💬 Did you find this helpful?
Thank you for sharing! Your feedback helps the community.