What is the rationale for accounting for nonexpendable endowment funds on a full, rather than a modied,
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
The full accrual basis helps to assure that adminis...View the full answer
Answered By
Keziah Thiga
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagirism), well-researched and critically analyzed papers.
4.90+
1504+ Reviews
2898+ Question Solved
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
Question Posted:
Students also viewed these Accounting questions
-
What is the rationale for the harmonization of international accounting standards?
-
What is the rationale for the payback method? According to the payback criterion, which franchise or franchises should be accepted if the firms maximum acceptable payback is 2 years, and if...
-
What is the rationale for not taxing transfers of property in exchange for an ownership interest?
-
Which description does NOT fit in description of "issues" in the context of international standards? a. An unsettled matter. b. A vital matter. c. A change in the environment. d. A concern or...
-
A contract engineer at DuPont Corp. studied the rate at which a spilled volatile liquid will spread across a surface (Chemical Engineering Progress, Jan. 2005). Assume 50 gallons of methanol spills...
-
For each of the following, determine whether the given values can serve as the values of a probability distribution of a random variable with the range x = 1, 2, 3, and 4: (a) f (1) = 0.25, f (2) =...
-
Look at the health information system's KPIs of Ploetzberg Hospital in Example 4.8.2. Try to figure out some of these numbers for a real hospital and compare both hospitals' KPIs in the form of a...
-
Charles Merrill owns a housekeeping service, Charles' Cleaners, in Florida. For the weekly payroll dated July 12, 2015, complete the payroll register. Use the wage bracket method in the federal tax...
-
Calculate the elastic potential energy (Uk) of a spring with spring constant k = 50 N/m, displaced Ax = 10 cm from equilibrium.
-
Singh and Rajamani [25] provide data for a local wood manufacturer that wants to decrease material handling by changing from a process layout to a GT layout. It is considering installing a conveyor...
-
How is a private purpose trust fund different from a permanent fund?
-
Why, despite your response to the previous question, does the GASB direct that permanent funds be accounted for on a modied accrual basis?
-
The pH reading of a water sample to the nearest tenth of a unit. Provide a reasonable description of the sample space for each of the random experiments. There can be more than one acceptable...
-
6. A clothes iron is heated to 170C and is used in a room that is at 22C. Its surface area is 325 cm and the emissivity of the surface is 0.4. If the heat lost by convection and conduction is...
-
G1: We have two parallel metal plates each with size 6 cm by 9 cm. The plates are separated by 0.4 millimeter with air between the plates. (a) What is the capacitance of these plates? (b) If this...
-
A 129 kg fridge rests on a floor with s = 0.261. How much force does it take to set the fridge in motion? (Unit = N)
-
(a) What is the voltage output (in V) of a transformer used for rechargeable flashlight batteries, if its primary has 475 turns, its secondary 8 turns, and the input voltage is 116 V? 1.953684210 (b)...
-
A car of 2 0 0 0 kg goes over the top of a hill of radius 5 0 m at a speed of 2 0 m / s . What normal force in Newtons does the road exert on the car as it goes over the hill?
-
How many grams of iron(III) carbonate decompose to give 50.0 mL of carbon dioxide gas at STP according to the equation in Exercise 33? Exercise 33 How many milliliters of carbon dioxide gas at STP...
-
Dan and Diana file a joint return. Dan earned $31,000 during the year before losing his job. Diana received Social Security benefits of $5,000. a. Determine the taxable portion of the Social Security...
-
A shareholder of the company in Example 4.3 owned 100 shares before the bonus issue. How will things change for this shareholder as regards the number of shares owned and the value of the...
-
Do computerized systems use controlling accounts to verify the accuracy of the subsidiary accounts?
-
Do computerized systems use controlling accounts to verify the accuracy of the subsidiary accounts?
-
Do computerized systems use controlling accounts to verify the accuracy of the subsidiary accounts?
-
I am working in aMobile company that is seeking to introduce a novel mobile application that implements a monthly subscription fee for its users. After conducting a comprehensive analysis, the...
-
Tatiana has recently entered a profile into the Express Entry (EE) system as a candidate under the Canadian Experience Class (CEC). She has also met the requirements to qualify under the FSW. Tatiana...
-
Columbia Corp. is a young, rapidly growing company that manufactures computer accessories and specialized components for networked computer workstations. It has some unique products and a strong...
Study smarter with the SolutionInn App