The permanently restricted net assets of an ONPO include net assets from which of the following? a.
Question:
The permanently restricted net assets of an ONPO include net assets from which of the following?
Transcribed Image Text:
a. b. C. d. Term Endowment Gifts No No Yes Yes Capital Asset Restricted Gifts No Yes Yes No
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
ANSWER Permanently restricted net assets of an ONPO Organization Not for Profit typically include ne...View the full answer
Answered By
John Aketch
I have a 10 years tutoring experience and I have helped thousands of students to accomplish their educational endeavors globally. What interests me most is when I see my students being succeeding in their classwork. I am confident that I will bring a great change to thins organization if granted the opportunity. Thanks
5.00+
8+ Reviews
18+ Question Solved
Related Book For
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
Question Posted:
Students also viewed these Business questions
-
Multiple Choice Questions Identify the best answer for each of the following: 1. Not-for-profit reporting standards require net assets to be reported in all of the following classes except a....
-
Multiple Choice. Choose the best answer. 1. Under GASB standards, public colleges and universities engaged only in business-type activities present all of the following statements in their...
-
The Grant Wood Arts Association had the following trial balance as of January 1, 2012, the first day of the year: During the year ended December 31, 2012, the following transactions occurred: 1. Cash...
-
General Ledger Accounts Account: Cash Date Description Opening Balance Account: Date Petty Cash Description Opening Balance Account: Date Accounts Receivable Description Opening Balance Account: Date...
-
The T-account showing the manufacturing overhead activity for Aliyah Corp. for 2018 is as follows: Requirements 1. What is the actual manufacturing overhead? 2. What is the allocated manufacturing...
-
Why might metal bands on the permanent magnet synchronous motor rotor pose overheating risk? What is the remedy?
-
The data in Exercise 2.174. Use technology to find the correlation for the data indicated. Data From Exercise 2.174: Make a scatterplot of the data. Put the $X$ variable on the horizontal axis and...
-
A siren mounted on the roof of a firehouse emits sound at a frequency of 900 Hz. A steady wind is blowing with a speed of 15.0 m/s. Taking the speed of sound in calm air to be 343 m/s, find the...
-
Luxor Corp. had E & P of $ 3 0 , 0 0 0 . They had no additional E & P for the year. On 7 / 1 / 2 3 the corporation distributes $ 4 0 , 0 0 0 to its only shareholder, Maria. Her stock basis was $ 8 ,...
-
During the years ended June 30, 20X5, and 20X6, a nongovernment ONPO conducted a cancer research project financed by a $2,000,000 restricted gift. This entire amount was pledged by the donor on July...
-
Cura Foundation, a nongovernment VHWO supported by contributions from the general public, included the following costs in its Statement of Functional Expenses for the year ended December 31, 20X6:...
-
Why is a GIS database called an extended relational database?
-
Tesco is widely recognized as a very successful brand. In 2012, it was estimated by Verdict Research that Tesco accounted for 1 in every 8 of all consumers retail spending in the UK, derived not just...
-
Explain the two tests used to determine whether an employee is exempt from overtime requirements under the seasonal amusement and recreational establishment exemptions in the FLSA.
-
Walsh, as settlor , executed a declaration of trust, naming himself as trustee and giving himself the income from the trust during his lifetime. After his death, the income was to be paid to his...
-
An independent source is an exception to the exclusionary rule. T or F
-
How might a company go about recruiting intermediaries?
-
Refer to the data in PE 6-3. Assume a customer found that 15 of the books were misprinted and returned the 15 books for a refund. Prepare the journal entry necessary in the records of the selling...
-
If (x) 0 on the interval [a, b], the definite integral gives the exact area under the curve between x = a and x = b.
-
Two commonly-recognized measures of the fairness of an income tax structure are horizontal equity and vertical equity. a. Discuss what is meant by horizontal equity and vertical equity as it pertains...
-
The primary objective of the federal income tax law is to raise revenue. What are its secondary objectives?
-
If the objectives of the federal tax system are multifaceted and include raising revenues, providing investment incentives, encouraging certain industries, and meeting desired social objectives, is...
-
Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year - End Balance Sheet Data Net income $ 3 94 , 0 0 0 Accounts receivable decrease $ 1 7 , 90 0 ...
-
Identify the major purpose of cost accounting. Know the two basic types of cost accounting systems. Know the important features of a job order cost system. Know the steps in the flow of costs. Know...
-
A manufacturing company reports the following for the period: Inventories Beginning Ending Raw materials $ 1 8 , 1 2 0 $ 1 2 , 1 0 0 Work in process 9 , 5 0 0 1 1 , 3 0 0 Finished goods 1 2 , 5 6 0...
Study smarter with the SolutionInn App