Author Question: How should a nongovernment not-for-profit organization generally report increases in the fair value ... (Read 83 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
How should a nongovernment not-for-profit organization generally report increases in the fair value of marketable debt securities in its statement of activities?
 
  A. Such increases in fair value should not be reported because debt securities are reported at amortized cost.
  B. As an increase in restricted net assets
  C. As an increase in temporarily restricted net assets
  D. As an increase in unrestricted net assets, unless restricted by donor stipulation or law

Question 2

A(n) ___________________ ___________ is designed to collect, process, and report information related to financial transactions.
 Fill in the blank(s) with correct word



jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Answer to Question 1

D

Answer to Question 2

accounting information system (AIS)
accounting information system
AIS



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

For a complete list of videos, visit our video library