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

Author Question: Two income statements for Toby Sam Enterprises are shown below: Toby Sam Enterprises Income ... (Read 104 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
on: Jul 5, 2018
Two income statements for Toby Sam Enterprises are shown below: Toby Sam Enterprises Income Statement For the Years 2 and 1 Ending December 31 Year 2 Year 1 Fees earned 674,350 520,600 Operating expenses 472,045 338,390 Operating income 202,305 182,210 Prepare a vertical analysis of Toby Sam Enterprises income statements. Has operating income increased or decreased as a percentage of revenue?
 a. Yes, increased by 5. b. Yes, increased by 111.
  c. No, decreased by 5. d. No, decreased by 111

Question 2

A government university received a cash donation 1,000,000 to create an endowment. The income of the endowment can be used to support any activity of the university.
 
  In the balance sheet, the 1,000,000 endowment should be included in which component of net assets?
  a. Unrestricted net assets
  b. Restricted  nonexpendable net assets
  c. Invested in capital assets, net of related debt
  d. Permanently restricted net assets


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

B


Tazate

  • Member
  • Posts: 532
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

A blood smear. The smear reveals representative cells from each formed element group: red blood cell A blood smear. The smear reveals representative cells from each formed element group: red blood cell
Tracheostomy. A tracheotomy, or incision into the trachea, is performed to create an opening into th Tracheostomy. A tracheotomy, or incision into the trachea, is performed to create an opening into th
The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
The anterolateral system. The pathways from only one side of the body are shown. The anterolateral system. The pathways from only one side of the body are shown.
The Parade of World Income The Parade of World Income
Lone-parent household income and the degree of vulnerability Lone-parent household income and the degree of vulnerability
Video: Types of energy transfer reactions: oxidation-reduction reactions and ATP generation reactions

For a complete list of videos, visit our video library