Author Question: A not-for-profit organization receives donated supplies valued at 40,000 during the fiscal year. ... (Read 108 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
A not-for-profit organization receives donated supplies valued at 40,000 during the fiscal year. Assume that as of the fiscal year end, the organization had used 25 of the materials. The organization should report
 
  a. restricted contributions of 40,000 and no expenses.
  b. restricted contributions of 40,000 and expenses of 40,000
  c. unrestricted contributions of 40,000 and expenses of 10,000
  d. unrestricted contributions or 10,000 and expenses of 10,000
  e. unrestricted contributions of 10,000 and no expenses.

Question 2

Information about actual authorized events and objects has ___________________ ___________.
 Fill in the blank(s) with correct word



tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

C

Answer to Question 2

validity



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

For a complete list of videos, visit our video library