Question

An example of an increase in net assets for a not-for-profit organization that would be labeled revenue rather than support is?

1) Donations from individuals
2) Government grants
3) Investment income
4) Fundraising events

Answer 1

Fundraising events are an example of an increase in net assets for a not-for-profit organization that would be labeled as revenue.

Step-by-step explanation:

An example of an increase in net assets for a not-for-profit organization that would be labeled revenue rather than support is fundraising events.

While donations from individuals, government grants, and investment income are all sources of support for a not-for-profit organization, fundraising events involve selling goods or services at a profit, which is classified as revenue.