NNOs distinguish between restricted and unrestricted funds. Why is this distinction important?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
NNOs need to distinguish between restricted and unrestricte...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
What is the difference between restricted and unrestricted contributions? What effect do restrictions have on revenue recognition?
-
What is the difference between restricted and unrestricted retained earnings? Why would some retained earnings be restricted? Prepare the journal entries used to make a restriction.
-
Distinguish between unrestricted and restricted contributions of a charitable organization.
-
The partnership of King, Queen and Prince engaged you to audit its accounting records. Some accounts are on the accrual basis and others are on the cash basis. The partnership's books were closed at...
-
The interest rate on $27,000 borrowed on October 16, 2011, was 8.7%. How much interest was owed on the April 15, 2012, repayment date?
-
LAW 4110: Assignment 4 - Occupational Health and Safety Act (15%) This assignment relates to the following Course Learning Requirements: CLR 1: Relate the Canadian legal framework to the issues...
-
The invention and commercialization of a new chemical is a significant undertaking. An example is the invention of nylon in the laboratory and its transformation to a nylon stocking. Please read the...
-
Selzik Company makes super-premium cake mixes that go through two processing departments- Blending and Packaging. The following activity was recorded in the Blending Department during July:...
-
When examining criminal justice agencies, the most important characteristic to employees was the feeling that the job was important and yielded a feeling of accomplishment. Job satisfaction differs...
-
1.Explain the types of conversion strategy options. Make a recommendation and highlight the choices as it reflects the cost, time, and risk associated with elements of the transition. Explain which...
-
On January 1, 2004, the city of Nashvegas issued an 8% annual, 10-year, $10,000 bond for $11,472 (an effective yield of 6%). The bonds become due on December 31, 2013. On June 30, 2012, the city of...
-
What is the major difference in accounting for the general fund of a hospital and the unrestricted fund of other NNOs?
-
How does the tax treatment of dividend income by the corporation moderate the effects of double taxation?
-
In the future year 20XX, the number of women senators and congressional representatives reached a critical mass to influence legislation affecting women. Through a coalition of Republican and...
-
es Cash and marketable securities Accounts and notes receivable Direct materials inventory (April 30) Work-in-process inventory (April 30) Finished goods inventory (April 30) Property, plant, and...
-
1. [10 Points] Consider the following context-free grammar G: S aSaSbbb | a (a) (2 points) Describe L(G). (b) (3 points) Show that G is an ambiguous grammar. (c) (5 points) Give an unambiguous...
-
1. Eva Taylor contacted Monte Block's real estate office because she wanted to sell a home at 975 Nashua Road, Dracut Ma. The home was valued at $387,000 and Block's company charged a 3% commission...
-
Marcopper Mining was a Canadian corporation that officially started its copper mining operations in 1969 at the Mt. Tapian Ore Deposit on Marinduque Island in the Philippines. When the Mt. Tapian...
-
Name two companies that have suffered multimillion-dollar disasters as a result of failed enterprise system installations.
-
Classify each of the following as direct costs or indirect costs of operating the Pediatrics ward for children at the Cleveland Clinic: a. Wi-Fi covering the entire hospital campus b. Net cost of...
-
Explain how deferred revenue can be misused to overstate earnings.
-
Part A The partnership of Wingler, Norris, Rodgers, and Guthrie was formed several years ago as a local architectural firm. Several partners have recently undergone personal financial problems and...
-
A client of the CPA firm of Harston and Mendez is a medical practice of seven local doctors. One doctor has been sued for several million dollars as the result of a recent operation. Because of what...
-
A client of the CPA firm of Harston and Mendez is a medical practice of seven local doctors. One doctor has been sued for several million dollars as the result of a recent operation. Because of what...
-
A friend owes you $500 in 1 year from now, and then $1000 2 years from now. Both loans are at 5%. If you want to replace both of these loans with ONE PAYMENT NOW, how much would your friend give you ?
-
If the amount of retained earnings at the beginning of the year was $ 3 0 , 0 0 0 , and $ 1 2 , 0 0 0 in dividends is paid during the year, calculate net income for the year.
-
On January 2, 20Y4, Whitworth Company acquired 33% of the outstanding stock of Aloof Company for $330,000. For the year ended December 31, 20Y4, Aloof Company earned income of $86,000 and paid...
Study smarter with the SolutionInn App