When are donor-restricted contributions and donor-restricted investment income permitted to be reported as revenues without donor restrictions?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Classification of Net Assets as Donor Restricted or Unrestricted A statement of financial position provided by a notforprofit organization shall report the amounts for each of three classes of net ass...View the full answer
Answered By
Muhammad Haroon
More than 3 years experience in teaching undergraduate and graduate level courses which includes Object Oriented Programming, Data Structures, Algorithms, Database Systems, Theory of Automata, Theory of Computation, Database Administration, Web Technologies etc.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Governmental and Nonprofit Accounting Theory and Practice
ISBN: 978-0133799569
11th edition
Authors: Robert J. Freeman, Craig D. Shoulders, Dwayne N. McSwain, Robert B. Scott
Question Posted:
Students also viewed these Cost Accounting questions
-
When are restricted contributions and restricted investment income permitted to be reported as unrestricted revenues instead of as temporarily restricted revenues?
-
Answer the following questions by reading the most recent consolidated financial statements of the American Red Cross (ARC) at its website, www.redcross.org . (The financial statements may be...
-
The following information for 20X7 was derived from the records of a nongovernment ONPO or VHWO: Unrestricted contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $...
-
1- What signal is produced if the sampling frequency is equal to Fm? 2- Find the range of the cutoff frequency funt for LPF required to reconstruct the original signal from the sampled one. 3- If the...
-
Profitability of order and extra shift decisions The manufacturing capacity of Ritter Rotator Companys plant facility is 60,000 rotators per quarter. Operating results for the first quarter of this...
-
Selected T-accounts for Rolm Company are given below for the just completed year: Required: 1. What was the cost of raw materials put into production during the year? 2. How much of the materials in...
-
Explain the following pairs in relation to each other: a. Method and operation b. Event and state. c. Interaction and message.
-
The following profit payoff table was presented in Problem 1: The probabilities for the states of nature are P(s1) = 0.65, P(s2) = 0.15, and P(s3) = 0.20. a. What is the optimal decision strategy if...
-
Kohl's Department Store and Target Corporation buy their clothing from Form Fitters Inc., a merchandising firm, that has budgeted\ its activity for December according to the following information:\...
-
Over the past few years the percentage of students who leave Dana College at the end of their first year has increased. Last year, Dana started voluntary one-credit hour-long seminars with faculty to...
-
What are the basic financial statements required for nongovernment ONPOs?
-
If certain criteria are met, inexhaustible collections of ONPOs are not required to be capitalized or depreciated. Why is this so, and what accounting and reporting recognition, if any, is required...
-
Suppose that Y is an exponential random variable, so fY (y) =ey, y 0. Show that the variance of Y is 1/2.
-
Why do joint ventures often fail?
-
The citizens of Rohan spend a higher fraction of their income on food than do the citizens of Gondor. The reason could be that a. Rohan has lower food prices, and the price elasticity of demand is...
-
What potential problems does a foreign investor experience in an industrial joint venture with an ex-local agent or distributor?
-
In a competitive labor market, an increase in the minimum wage results in a(n) __________ in the quantity of labor supplied and a(n) __________ in the quantity of labor demanded. a. increase;...
-
In your opinion, in which industries could the UK, Italy and Australia be considered key countries?
-
Charlene is evaluating a capital budgeting project that should last for 4 years. The project requires $800,000 of equipment. She is unsure what depreciation method to use in her analysis,...
-
Do public and private companies follow the same set of accounting rules? Explain.
-
The following information is for the governmental funds (total) of Bell County for 20X6. Assume the deferred tax revenues meet the earnings criteria. Deferred Tax Revenues (January 1) . . . . . . . ....
-
The following information is for the governmental funds (total) of Bell County for 20X6. Assume the deferred tax revenues meet the earnings criteria. Deferred Tax Revenues (January 1) . . . . . . . ....
-
(a) What is a joint venture? (b) Under what circumstances must a government apply the special joint venture accounting and disclosure requirements set forth in the GASB Codification? (c) What are...
-
Solve (2.4 x 10-5) X 875 (2.5 x 107) x (2.8 x 107)
-
assume there are no outliers. Draw the boxplot for the following frequency table. You may X f rf cf crf 3 7 0.1228 7 0.1228 4 11 0.1930 18 0.3158 5 9 0.1579 27 0.4737 618 6 0.1053 33 0.5789 10 0.1754...
-
Find the partial derivative of the regularized least squares problem: {) (w + x) (wo + w x ( ) + w x ( ) } + |/\||[w1, w2]|| with respect to wo, w, and w2. Although there is a closed-form solution to...
Study smarter with the SolutionInn App