This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Monks Veterinary Hospital receives 1.5 million from the Clementine Foundation. Only the earnings ... (Read 21 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jul 5, 2018
The Monks Veterinary Hospital receives 1.5 million from the Clementine Foundation. Only the earnings from investing the contribution may be used by the Hospital to conduct research on feline leukemia.
 
  Assuming the Hospital uses fund accounting for internal purposes, which funds should be used to report (1) the assets and (2) any investment earnings?
   original investment
   contribution earnings
   a. endowment fund endowment fund
   b. general fund specific purpose fund
   c. specific purpose fund general fund
   d. endowment fund specific purpose fund

Question 2

In a merchandise business, sales minus operating expenses equal net income.
 a. True
  b. False
 
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Beatricemm

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

False


Arii_bell

  • Member
  • Posts: 596
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

The functional structure of the peripheral nervous system. (A) Afferent or sensory neurons carry sen The functional structure of the peripheral nervous system. (A) Afferent or sensory neurons carry sen
The basalt below the hominins is dated to 1.8 million years ago, and the geomagnetic polarity of the The basalt below the hominins is dated to 1.8 million years ago, and the geomagnetic polarity of the
In the summer of 1963, Buddhist monks protested against the rule of Diem (and his brother, the ... In the summer of 1963, Buddhist monks protested against the rule of Diem (and his brother, the ...
Top Six Hospital Outpatient and Inpatient CAM Therapies. Top Six Hospital Outpatient and Inpatient CAM Therapies.
How to create a table of values displaying commission and earnings (Question 1) How to create a table of values displaying commission and earnings (Question 1)
Earth 200 Million Years Ago Earth 200 Million Years Ago
Video: Structures that affect circulation - venous return

For a complete list of videos, visit our video library