A not-for-profit entity receives a pledge for $50,000, money that must be used for a stipulated purpose.
Question:
A not-for-profit entity receives a pledge for $50,000, money that must be used for a stipulated purpose. How is the pledge reported if it is judged to be unconditional? How is the pledge reported if it is judged to be conditional?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
If a pledge of resources is unconditional the NFP reco...View the full answer
Answered By
HILLARY KIYAYI
I am a multi-skilled, reliable & talented Market analysis & Research Writer with a proven ability to produce Scholarly Papers, Reports, Research and Article Writing and much more. My ultimate quality is my English writing/verbal skill. That skill has proven to be the most valuable asset for project writing, Academic & Research writing, Proofreading, HR Management Writing, business, sales, and a variety of other opportunities.
4.80+
24+ Reviews
60+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
Question Posted:
Students also viewed these Business questions
-
A not-for-profit entity receives $20,000 as a donation. They money must be spent for a stipulated purpose. How does the reporting differ based on whether the gift is unconditional or conditional?
-
The Houston Corporation signs a formal pledge to give $100,000 in cash to a private not-for-profit entity within the next year. The money must be spent to upgrade important equipment used by the...
-
A private not-for-profit entity receives numerous pledges of financial support to be conveyed at various times over the next few years. Under what condition should these pledges be recognized as...
-
Happy Colors manufactures crayons in a three-step process: mixing, molding, and packaging. The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is...
-
A simply supported composite beam with a 3.6 m span supports a triangularly distributed load of peak intensity q0 at mid span (see figure part a). The beam is constructed of two wood joists, each 50...
-
a. If Rashid chooses 3 books and 2 CDs, what is his marginal rate of substitution? b. If Rashid chooses 2 books and 6 CDs, what is his marginal rate of substitution? Rashid buys only books and CDs...
-
The following data represent the ages of award winners for best actor and best actress in a leading role for the 20 years from 1985 to 2004. (a) Construct an ordered back to back stem-and-leaf...
-
Silverado, Inc., is a closely held brokerage firm that has been very successful over the past five years, consistently providing most members of the top management group with 50 percent bonuses. In...
-
What role do supranational organizations such as the World Trade Organization (WTO) and International Monetary Fund (IMF) play in shaping the contours of global economic integration amidst the forces...
-
A sales representatives orders for May were 16 2/3% less than her April orders, which amounted to $51 120. (a) How much were the sales reps orders in May? (b) By what amount did her orders decrease?
-
George H. Ruth takes a leave of absence from his job to work full time for a charity for six months. Ruth fills the position of finance director, a position that normally pays $88,000 per year. Ruth...
-
A group of high school seniors perform volunteer services for patients at a nearby assisted-living facility, a private not-for-profit entity. The assisted-living facility would not otherwise provide...
-
Let X and Y be G-sets with the same group G. An isomorphism between G-sets X and Y is a map : X Y that is one to one, onto Y, and satisfies g(x) = (gx) for all x X and g G. Two G-sets are...
-
1. Create a index.html to get username and password from the user, then write a servlet to validate the password entered by the user, if the user has entered "1234" as password, then he will be...
-
How much should you deposit now in an account paying 6%, compounded monthly in order to receive $1000 a. at the end of each month for the next 10 years? b. at the beginning of each month for the next...
-
DETERMINE WHETHER A CORPORATION WITH THE FOLLOWING OWNERSHIP MEETS THE "OWNERSHIP TEST" FOR A PERSONAL HOLDING COMPANY? Individual A 200 Individual B, A's mother 100 Partnership P 100 50% owned by...
-
A skydiver jumps from a slow-moving airplane. The skydiver's mass is 82.5 kg. After falling for some distance, she reaches a terminal speed of 54.9 m/s. (a) What is her acceleration (in m/s2) when...
-
Most accidents are the result of a chain of errors that accumulate and compound to lead up to the final error that actually results in the accident. If that chain of errors is interrupted, then the...
-
An end-of-aisle price promotion changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?
-
KD Insurance Company specializes in term life insurance contracts. Cash collection experience shows that 20 percent of billed premiums are collected in the month before they are due, 60 percent are...
-
Why are the income statement amounts under entity theory and traditional theory the same if the subsidiary investment is made at book value? (Do not consider the different income statement...
-
Does traditional theory correspond to parent-company or entity theory in matters related to unrealized and constructive gains and losses on intercompany transactions?
-
To what extent does push-down accounting facilitate the consolidation process?
-
How do operating systems implement advanced security features, including mandatory access controls, address space layout randomization, and secure boot mechanisms, to mitigate against various threats...
-
What are the disadvantage of reporting ethics issues internally.? Explain briefly
-
Calculate the yearly depreciation under the units-of-production method, assuming useful life of 15,000 units, and 2,000 units produced in the current year. d. Complete the journal entry to record...
Study smarter with the SolutionInn App