Author Question: How should a nongovernment not-for-profit organization generally report increases in the fair value ... (Read 87 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?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

For a complete list of videos, visit our video library