This topic contains a solution. Click here to go to the answer

Author Question: The National Kidney Foundation, a voluntary health and welfare organization, is required by GAAP to ... (Read 67 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
The National Kidney Foundation, a voluntary health and welfare organization, is required by GAAP to present an additional operating statementa statement of functional expenses. What will this statement present?
 
  a. All expenses by function
  b. All expenses by function and then by natural or object classification
  c. All expenses by function then by funding source, including unrestricted and temporarily restricted.
  d. All expenses by natural or object classification

Question 2

The ___________________ _ is a method of accounting that combines aspects of the cash and accrual methods. It uses the cash basis for recording revenues and most expenses. Exceptions are made when cash is paid for assets with useful lives greater than one accounting period.
 Fill in the blank(s) with correct word



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

b





Answer to Question 2

modified cash basis




hubes95

  • Member
  • Posts: 561
Reply 2 on: Jul 5, 2018
Gracias!


dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

For a complete list of videos, visit our video library