1. Abby Hatcher runs Fuzzly Catcher a registered tier 4 charity (i.e. the operating payments are...
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1. Abby Hatcher runs Fuzzly Catcher a registered tier 4 charity (i.e. the operating payments are less than $125,000) that cares for abandoned pets. She is the sole volunteer, and currently the only material donor. Explain whether you think the benefits of providing a statement of service performance outweighs the costs. 2. Abby Hatcher's occupation is an artist, and her pieces of work usually sell for $500. To raise funds for Fuzzly Catcher she has donated 10 pieces of work which were successfully auctioned off with an average sales price of $560 cash during the current year. Record the appropriate journal entries for the donation and the sale of the art. Account Debit Credit Account Debit Credit 1. Abby Hatcher runs Fuzzly Catcher a registered tier 4 charity (i.e. the operating payments are less than $125,000) that cares for abandoned pets. She is the sole volunteer, and currently the only material donor. Explain whether you think the benefits of providing a statement of service performance outweighs the costs. 2. Abby Hatcher's occupation is an artist, and her pieces of work usually sell for $500. To raise funds for Fuzzly Catcher she has donated 10 pieces of work which were successfully auctioned off with an average sales price of $560 cash during the current year. Record the appropriate journal entries for the donation and the sale of the art. Account Debit Credit Account Debit Credit
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1 Answer Tier 4 Charitable registered entity Simple format report cash to be used under 125000 annual operating payments without public accountability ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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