FASB ASC XXXXXXXXXX, contributions. Select the best answer for each of the following multiple-choice items dealing with not-for-profit organizations: 1. Which of the following criteria would suggest...

FASB ASC 958-605, contributions. Select the best answer for each of the following multiple-choice items dealing with not-for-profit organizations:

1. Which of the following criteria would suggest that a not-for-profit capitalize its works of art, historical treasures, or similar assets?

a. They are held for public inspection, education, or research in furtherance of public service rather than financial gain.

b. They are protected, kept unencumbered, cared for, and preserved.

c. They are subject to be used in the acquisition of other items for the collection.

d. They are held primarily to be resold for financial gain.