Author Question: How should a nongovernment not-for-profit organization generally report increases in the fair value ... (Read 53 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
How should a nongovernment not-for-profit organization generally report increases in the fair value of marketable debt securities in its statement of activities?
 
  A. Such increases in fair value should not be reported because debt securities are reported at amortized cost.
  B. As an increase in restricted net assets
  C. As an increase in temporarily restricted net assets
  D. As an increase in unrestricted net assets, unless restricted by donor stipulation or law

Question 2

A(n) ___________________ ___________ is designed to collect, process, and report information related to financial transactions.
 Fill in the blank(s) with correct word



jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Answer to Question 1

D

Answer to Question 2

accounting information system (AIS)
accounting information system
AIS



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

For a complete list of videos, visit our video library