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

Author Question: A nongovernment, not-for-profit organization received a cash donation of 100,000 restricted for a ... (Read 105 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
on: Jul 5, 2018
A nongovernment, not-for-profit organization received a cash donation of 100,000 restricted for a specific operating purpose. Only 20,000 of expenses related to the specific operating purpose were incurred during the current year.
 
  In addition to any contribution revenues, what should be reported in the statement of activities for these transactions?
  a. Expenses in changes in unrestricted net assets - 20,000
  b. Expenses in changes in temporarily restricted net assets - 20,000
  c. Net assets released from restrictions - 20,000
  d. Both items a and c

Question 2

______________________________ such as requiring separate authorizations for data-maintenance and business event processing activities is important in the prevention of many fraudulent activities.
 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

jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

Segregation of duties


elizabeth18

  • Member
  • Posts: 559
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

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

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Human body: levels of organization. Human body: levels of organization.
Levels of organization in a fast contracting frog Levels of organization in a fast contracting frog
The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ... The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ...
Organization of the nervous system. Organization of the nervous system.
Computer Organization and Architecture Computer Organization and Architecture
Organization of Proteins Organization of Proteins
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library