Question: Some VHWOs and ONPOs combine educational and program brochures with their fund-raising mailings and charge part or all of the cost of the mailings to

Some VHWOs and ONPOs combine educational and program brochures with their fund-raising mailings and charge part or all of the cost of the mailings to program services. Why? Also, when is this permitted by GAAP?

Step by Step Solution

★★★★★

3.44 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a In some cases the motivation for this practice may be to justify reporting the costs of fundraisin... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

342-B-A-G-F-A (4599).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

Some VHWOs and ONPOs are required to follow the FASBs not-for-profit accounting guidance. Others are not permitted to do so. Why do different standards apply? Which organizations must apply the FASB...

Q:

Many companies have part or all of their IT processing done by computer service centers. a. What controls should the company maintain to ensure the accuracy of processing done by a service center? b....

Q:

When nongovernment VHWOs and ONPOs hold fund-raising events such as banquets, auctions, and bazaars, the gross receipts must often be reported as revenues. Explain or illustrate how the direct costs...

Q:

Some VHWOs and ONPOs combine educational and program brochures with their fundraising mailings and charge part or all of the cost of the mailings to program services. Why? Also, when is this...

Q:

Answer the following questions about an organization, based on the Sample Form 990 below. A. Provide: Total revenue Total expenditures End-of-year cash balance Public support percentage Fundraising...

Q:

Analysis of the Form 990 for Not-for-Profits (NFPs) Human rights watch: https://www.hrw.org/ Explore the concepts of the class material relating to NFPs and Form 990s. You must find and review / read...

Q:

Analysis of the Form 990 for Not-for-Profits (NFPs) Human rights watch: https://www.hrw.org/ Explore the concepts of the class material relating to NFPs and Form 990s. You must find and review / read...

Q:

Please see below the assignment outline. I just need to do 2 pages on the financial section of the CAFR. I attached this section to this question. I need the 2 pages and how to outline it in power...

Q:

Willowbrook Case Study question: Design the monthly billing statement for a family using a printer spacing chart or graph paper. Include a mock-up report and a report analysis form for each report ....

Q:

leadership The Scarborough YMCA: Getting Back on Track Ken Mark and Gerard Seijts Ken Mark wrote this case under the supervision of Professor Gerard Seijts solely to provide material for class...

Q:

Using the expression 2d sin0 = 2, one calculates the values of d by measuring the corresponding angles 0 in the range 0 to 90. The wavelength is exactly known and the error in 0 is constant for all...

Q:

In any economy as a whole, the actual savings for a given period of time must ________ the actual investments. a. be greater than. b. be unrelated to. c. equal. d. be less than.

Q:

Assume that the supply of low-skilled workers is fairly elastic, but the employers demand for such workers is fairly inelastic. If the policy goal is to expand employment for low-skilled workers, is...

Q:

15-14 WACC AND OPTIMAL CAPITAL STRUCTURE Elliott Athletics is trying to determine its optimal capital structure, which now consists of only debt and common equity. The firm does not currently use...

Q:

Assuming the use of a two-column (all-purpose) general journal, a purchases journal, and a cash payments journal as illustrated in this chapter, indicate the journal in which each of the following...

Q:

Assuming the use of a two-column (all-purpose) general journal, a purchases journal, and a cash payments journal as illustrated in this chapter, indicate the journal in which each of the following...

Q:

Assuming the use of a two-column (all-purpose) general journal, a purchases journal, and a cash payments journal as illustrated in this chapter, indicate the journal in which each of the following...

Q:

An explanation would be very helpful A 98% confidence interval for the average weight of rabbits (in kilogram) in a certain park is (4.6, 8.2). Which of the following statements is TRUE? Select one:...

Q:

You are evaluating the project with cash inflows as shown below. Your boss has asked you to calculate the project's NPV. You don't know the project's initial cost, but you have been informed that the...

Q:

You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for the car assuming an interest rate of 13.5%? Years: 0 1 2 3 4...