The donated services of volunteer workers on fund-raising campaigns are usually not given accounting recognition. Why?
Answer to relevant QuestionsWhat fund is used to account for the library books owned by a university? How should depreciation of the library books be reflected in the financial statements of the university? America Service Group Inc. (ASG) contracts to provide and/or administer managed healthcare services to over 140 correctional facilities throughout the United States. The partial statement of operations for the years ending ...Plant Fund After the election of a prominent political figure, the principal from a term endowment fund was expendable by Crandall University. The official was elected this year. The fund was re stricted to the construction ...Scope Topic 954 provides guidance on health care entities. Does the guidance cover both investor-owned health care entities and not-for-profit entities? If not, which is covered?The December 31, 2012, statement of financial position for the Blood Donors of AmericaFoundation is presented below.Statement of Financial PositionDecember 31, 2012AssetsCash.................... $ 470,000Accounts ...
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