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Author Question: A nongovernment not-for-profit organization statement of activities reports A. Only changes in ... (Read 75 times)

jwb375

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on: Jul 5, 2018
A nongovernment not-for-profit organization statement of activities reports
 
  A. Only changes in unrestricted net assets.
  B. Only changes in unrestricted net assets that are revenues, expenses, gains, or losses.
  C. Changes in both unrestricted and temporarily restricted net assets.
  D. Changes in unrestricted, temporarily restricted, and permanently restricted net assets.

Question 2

Joshua Scott invests 40,000 into his new business. How would this transaction be entered in the journal in goodform?
 a. Cash 40,000
  Joshua Scott, Capital 40,000Invested cash in business.
  b. Cash 40,000
  Joshua Scott, Loan 40,000Invested cash in business
  c. Joshua Scott, Capital 40,000
  Cash 40,000
  Invested cash in business
  d. Joshua Scott, Loan 40,000
  Cash 40,000
  Invested cash in business


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lucas dlamini

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

D

Answer to Question 2

a


jwb375

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

peter

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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