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Author Question: How should a nongovernment not-for-profit organization generally report increases in the fair value ... (Read 85 times)

jhjkgdfhk

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on: Jul 5, 2018
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

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

D

Answer to Question 2

accounting information system (AIS)
accounting information system
AIS


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