State the four elements of the general rule for reporting the receipt of contributions other than services

Question:

State the four elements of the general rule for reporting the receipt of contributions other than services and collections.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

See More Books

Question Posted: Dec 30, 2014 04:55 AM

See More Questions

1. State the four elements of a promissory estoppel claim. 2. What is the significance of the fourth element of promissory estoppel, avoidance of injustice? 3. How did the court deal with Chryslers...
List the four elements of a valid contract. What is the legal result if only three of the four elements are present?
What are the four elements of a firms credit policy? To what extent can firms set their own credit policies as opposed to having to accept policies that are dictated by the competition?
A beam of light consisting of two wavelengths, 650 nm and 520 nm, is used to obtain interference fringes in a Young's double-slit experiment. Find the distance of the third bright fringe on the...
Tristin and Kim Denley are establishing a college fund for their 1-year-old daughter, Chloe. They want to save enough now to pay college tuition at the time she enters college (17 years from now). If...
Premier Consultings two consultants, Avery and Baker, can be scheduled to work for clients up to a maximum of 160 hours each over the next four weeks. A third consultant, Campbell, has some...
Two-Way Analysis of Variance. Suppose that two different sets of treatments are of interest. Let $y_{i j k}$ be the $k$ th observation level $i$ of the first treatment type and level $j$ of...
A liquid-phase chemical reaction A ? B takes place in a well-stirred tank. The concentration of A in the feed is C A0 (mol/m 3 ), and that in the tank and outlet stream is C A (mol/m 3 ). Neither...
3. The market share of Seattle Mills is $407 million. The claims on Seattle Mills are split between common stock and a 12% debt that has a face value of $350 million and that matures in five months....
Shah presents 23 best practices to implement and examine how the shape of the regulatory data collection process may change in the future through using extensible business reporting language (XBRL)....
Identify and briefly describe the major funds used internally by NFPOs.
Describe the circumstances under which contributed services must be recognized as revenues and expenses in the financial statements.
The size of an oxygen molecule is about 2.0 X 10-10 m. Make a rough estimate of the pressure at which the finite volume of the molecules should cause noticeable deviations from ideal-gas behavior at...
What role does genetic drift play in shaping the evolutionary trajectory of populations, particularly in small or isolated populations ?
Joey gets an offer from a bank that is paying 6% on CD's and is compounding interest daily (365 days per year). If he invests $2,000 how much will the CD be worth in 5 years? Round your answer to the...
Mana is tasked with developing her firm's new venture activities and ideas, and she is to lead a new division in support of these endeavors. What kind of approach is this?
How can calculate accounts payable and other liabilities on excel balance sheet without inventory?
Explain the following elements of the merchandise company reporting process: cost of goods sold, gross profit vs net income. Why are these elements important for merchant companies?
A thin, circular hoop with a radius of 0.22 m is hanging from its rim on a nail. When pulled to the side and released, the hoop swings back and forth as a physical pendulum. The moment of inertia of...
A copper rod of length L =18.0 in is to be twisted by torques T (see figure) until the angle of rotation between the ends of the rod is 3.08. (a) If the allowable shear strain in the copper is 0.0006...
In the case of the Levinson theorem, for $n_{b}^{l}$, do we need to count only the poles of $S_{l}(k)$ that are exactly on the imaginary line, or can they be slightly away from the imaginary line?
What is the cost of Alt. B that will make it at the breakeven point with Alt A assuming a 12% interest rate? A $150 SX Cost Uniform annual benefit 40 65 Salvage value 100 200 Useful life, in years 6.
Consider two alternatives: Assume that Alt. B is not replaced at the end of its useful life. If the MARR is 10%, what must be the useful life of B to make Alternatives A and B equally desirable? A B...
Jane Chang is making plans for a summer vacation. She will take $1000 with her in the form of traveler's checks. From the newspaper, she finds that if she purchases the checks by May 31, she will not...
This project requires an investment in fixed assets, at time 0, of 44,000,000. Assets will be depreciated straight line in 5 years. This project has a 4 year life. The revenues for each of the 4...
Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year - end, the Work in Process Inventory account shows the following. Work in Process Inventory Date Explanation...
T-bill with a $10,000 par has 174 days until maturity. The T-bill has a bank discount bid quote of 2.208% and ask quote of 2.198%. What is the return on the investment in this T-bill if the trader...

State the four elements of the general rule for reporting the receipt of contributions other than services

Question:

Step by Step Answer:

The general rule for reporting the receipt of contributions other than services ...View the full answer

Introduction to Governmental and Not for Profit Accounting

Students also viewed these Accounting questions