A private not-for-profit entity has the following expenses for the current year. Research to cure disease...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A private not-for-profit entity has the following expenses for the current year. Research to cure disease Fundraising costs Work to help individuals with disabilities $60,000 ..... ..... 70,000 40,000 90,000 ..... .... Administrative selaries. How should the not-for-profit entity report these costs? a. Program service expenses of $100,000 and supporting service expenses of S160,000 b. Program service expenses of $160,000 and supporting service expenses of $100,000 c. Program service expenses of $1 70,000 and supporting service expenses of S90,000 d. Program service expenses of $190,000 and supporting service expenses of $70,000 A private not-for-profit entity has the following expenses for the current year. Research to cure disease Fundraising costs Work to help individuals with disabilities $60,000 ..... ..... 70,000 40,000 90,000 ..... .... Administrative selaries. How should the not-for-profit entity report these costs? a. Program service expenses of $100,000 and supporting service expenses of S160,000 b. Program service expenses of $160,000 and supporting service expenses of $100,000 c. Program service expenses of $1 70,000 and supporting service expenses of S90,000 d. Program service expenses of $190,000 and supporting service expenses of $70,000
Expert Answer:
Answer rating: 100% (QA)
The correct answer would be option C Program service expenses of ... View the full answer
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Posted Date:
Students also viewed these accounting questions
-
A private not-for-profit entity has the following expenses for the current year. Research to cure disease . . . . . . . . . . . . . . . . .$60,000 Fundraising costs . . . . . . . . . . . . . . . . ....
-
A bank extends a traditional 30-year fixed-rate residential mortgage with level monthly payments to a borrower with the following details: House value / purchase price: $500,000 Downpayment: $100,000...
-
St, Marks is a private not for profit hospital. At the end of DEC 2013, a donor pledged to make five payments of $45,000, on January 1, 2014, - 2018. The contributions are restricted to pay for...
-
Five months after issuing an unqualified audit opinion and an unqualified opinion on internal controls for the audit of the year ended December 31, 2019, for a large publicly traded client, the...
-
Multiple-Choice Questions 1. More American law comes from one country than from any other. Which country? (a) France (b) England (c) Germany (d) Spain (e) Canada 2. Under the United States...
-
Various costs associated with the operation of a factory are given below: 1. Electricity used in operating machines 2. Rent on a factory building 3. Cloth used in drapery production 4. Production...
-
A healthcare company decides to market a hand warmer. It is basically a palm-size plastic pouch containing a supersaturated aqueous salt solution; that is, the amount of dissolved salt exceeds its...
-
The following graphic indicates where each part of the dollar that a student pays for a new college textbook goes: Where the New Textbook Dollar Goes*... Students are frustrated with the cost of...
-
K Let f(x)=2x+12x - 30x-9. a. Find all points on the graph of f(x) at which the tangent line is horizontal. b. Find all points on the graph of f(x) at which the tangent line has slope - 48.
-
Tilger Farm Supply Company manufactures and sells a fertilizer called Snare. The following data are available for preparing budgets for Snare for the first two quarters of 2016. 1. Sales: Quarter 1,...
-
Consider the following prospects and calculate the utilities of each prospect according to what Kahneman and Tversky propose in prospect theory. Show your calculations. P1 (0.01, $1,000,000) and P2...
-
6. A cannon at a sporting event launches a t- shirt from the field (ground level) into the stands. If the cannon launches the projectile with a velocity of 19.3 m/s [forward 65 up], and the operator...
-
What model of organizational behavior would be most appropriate in each of the followingsituations? (Assume that you must use the kinds of employees and supervisorscurrently available in your local...
-
Suppose we are given the following graph. We need the sampling to be done with the steady state probability distribution of a random walk to be (a) = (b) = (c) = (d) = (e) = () = What should the...
-
In organizational behavior, there are four different types of models: autocratic, custodial, collegial, and supportive model. In the models how can motivation, power, and influence, decision making,...
-
CathFoods will release a new range of candies which contain anti-oxidants. New equipment to manufacture the candy will cost $3 million, which will be depreciated by straight-line depreciation over...
-
What is the name given to the first tier of federal courts the court of entry ?
-
Trade credit from suppliers is a very costly source of funds when discounts are lost. Explain why many firms rely on this source of funds to finance their temporary working capital.
-
Income statement information for Linz Corporation in 2014 follows. a. Administrative expenses, $220,000 b. Cost of goods sold, $880,000 c. Extraordinary loss from a storm (net of taxes, $20,000),...
-
Lisette, Inc.s management took the following actions that went into effect on January 2, 2014. Each action involved an application of present value. a. Asked for another fund to be established by a...
-
Telluride Products Company implemented a JIT work environment in its shovel division eight months ago, and the division has been operating at near capacity since then. At the beginning of May, Work...
-
The following is the distribution of the hourly number of trucks arriving at a company's warehouse: Find the mean of this distribution, and using it (rounded to one decimal place) as the parameter...
-
With reference to Exercise 10.42, verify that the mean of the observed distribution is 1.6 , corresponding to \(40 \%\) of the cars requiring repairs. Then look up the probabilities for \(n=5\) and...
-
Among 100 purification filters used in an experiment, 46 had a service life of less than 20 hours, 19 had a service life of 20 or more but less than 40 hours, 17 had a service life of 40 or more but...
Study smarter with the SolutionInn App