The Helping Hand NFP is a not-for-profit organization that has equipment with a book value of $1.1 million but a fair value of $1.4 million. Fancy Fingers is a not-for-profit organization that has equipment with a book value of $1 million and a fair value of $1.2 million. If these two organizations combine, what are the possible amounts that they can report for their equipment?
Answer to relevant QuestionsWhat is a third-party payor, and how does the presence of such payors affect the financial accounting of a health care organization?What ratio is frequently used to assess the efficiency of not-for-profit organizations?The following questions concern the appropriate accounting for a private not-for-profit health care entity. Write complete answers for each question.a. What is a third-party payor, and how have third-party payors affected ...Assume that this organization is a private college that charged students $600,000 but then provided$140,000 in financial aid. The $600,000 was reported as revenue; the $140,000 was shown as an expense. Both amounts were ...The law firm of Hackney and Walton has decided to start supporting a worthy charity. The partners want to select an organization that makes good use of its resources to meet its stated mission. Go to the Web site ...
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