Which of the following would not affect a nongovernment ONPO Statement of Activities? a. Depreciation expense. b.

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Which of the following would not affect a nongovernment ONPO Statement of Activities?

a. Depreciation expense.

b. Expenditure of restricted contributions for the restricted purpose in the current year (but cash was received in a prior year).

c. Gain on the sale of investments.

d. Purchase of fixed assets from restricted donations.

e. All of the above affect the statement of activities.

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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,

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Question Posted: Feb 24, 2024 05:01 AM

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Which of the following would not affect a nongovernment ONPO Statement of Activities? a. Depreciation expense. b.

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The correct answer is e All of the above affect the statement of activities Explanation All of the l...View the full answer

Governmental And Nonprofit Accounting Theory And Practice

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