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

Author Question: Steve Watson, a local certified public accountant (CPA), donates a significant amount of his spare ... (Read 86 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
on: Jul 5, 2018
Steve Watson, a local certified public accountant (CPA), donates a significant amount of his spare time to Beth's Gallery, a not-for-profit museum. He donates 50 hours to audit the books and 80 hours selling products at the museum store.
 
  He charges his regular clients 200 an hour as a CPA. How should the Gallery report Mr. Watson's donation of time?
   a. report 26,000 (130 hours  200) as contribution revenue and expense
   b. report 0 as contribution revenue and expense, and describe Mr. Watson's services to the museum in a note to the statements
   c. report 10,000 (50 hours  200) as contribution revenue and expense; also, disclose in a note to the statements the fair value of selling services provided by Watson and others
   d. report 10,000 (50 hours  200) plus the fair value of the selling services provided by Watson and others

Question 2

Decoupling the data from the system applications is called ___________________ ___________.
 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

dpost18

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

data independence


mwit1967

  • Member
  • Posts: 501
Reply 2 on: Jul 5, 2018
Excellent

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

(c) snow in Nunavut, alter the local albedo, causing altered microclimates. High albedos are found (c) snow in Nunavut, alter the local albedo, causing altered microclimates. High albedos are found
In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi
How a local anesthetic blocks nerve conduction. How a local anesthetic blocks nerve conduction.
Herpes is a local contraindication during active phase. Herpes is a local contraindication during active phase.
Warning signs like this one are often posted when local waters Warning signs like this one are often posted when local waters
Techniques for Applying Local Anesthesia Techniques for Applying Local Anesthesia
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library