Author Question: A not-for-profit organization receives donated supplies valued at 40,000 in June. As of the fiscal ... (Read 73 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
A not-for-profit organization receives donated supplies valued at 40,000 in June. As of the fiscal year end December, 31, 20X3, the organization had used 25 of the materials. The organization should report
 
  A. Restricted contributions of 40,000 and no expenses.
  B. Restricted contributions and expenses of 40,000.
  C. Unrestricted contributions of 40,000 and expenses of 10,000.
  D. Unrestricted contributions of 10,000 and no expenses.

Question 2

The MIS is a subsystem of the AIS.
  Indicate whether the statement is true or false



firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

C

Answer to Question 2

F



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

For a complete list of videos, visit our video library