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Author Question: Which of the following financial statements is only required for nongovernment voluntary health and ... (Read 57 times)

joblessjake

  • Hero Member
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  • Posts: 555
on: Jul 5, 2018
Which of the following financial statements is only required for nongovernment voluntary health and welfare organizations?
 
  a. Statement of net assets
  b. Statement of activities
  c. Statement of cash flows
  d. Statement of functional expenses

Question 2

May 23 Cash 22,000 Scott Clark, Capital 22,000 Invest cash in business. The journal entry will
 a. increase Capital and decrease Cash
  b. increase Cash and decrease Capital
  c. increase Cash and increase Capital
  d. decrease Cash and decrease Capital


skipfourms123

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  • Posts: 343
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

c


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