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Author Question: A nongovernment, not-for-profit organization received donated auditing services from a local CPA. ... (Read 56 times)

luminitza

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on: Jul 5, 2018
A nongovernment, not-for-profit organization received donated auditing services from a local CPA. The market value of the auditing services is 10,000 . How should these donated services be reported be in the statement of activities?
 
  a. Unrestricted support - 10,000
  b. Restricted support - 10,000
  c. Management and general expense - 10,000
  d. Both items a and c

Question 2

The ___________________ ___________ process includes the events surrounding the sale of goods to a customer, the recognition of revenue, and the collection of the customer payment.
 Fill in the blank(s) with correct word


flexer1n1

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Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

order-to-cash


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