This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Membership dues of nongovernment, not-for-profit organizations are A. Always treated as exchange ... (Read 73 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
on: Jul 5, 2018
Membership dues of nongovernment, not-for-profit organizations are
 
  A. Always treated as exchange transactions and reported as revenues.
  B. Always treated as contribution revenues.
  C. Permitted to be reported either as exchange revenues or as contributions revenues depending on the organization's preference.
  D. Reported as contribution revenues if no benefits are received as a result of membership.

Question 2

Revenue accounts are increased by credits.
 a. True
  b. False
 
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

True


melina_rosy

  • Member
  • Posts: 531
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Mass Exchange Between Close Binary Stars Mass Exchange Between Close Binary Stars
Conduction and gas exchange structures and functions. Conduction and gas exchange structures and functions.
A heat exchange vest that uses ice packs for cooling A heat exchange vest that uses ice packs for cooling
Regeneration of EF-Tu–GTP by Tu–Ts exchange Regeneration of EF-Tu–GTP by Tu–Ts exchange
Cows being raised for beef are often confined to feedlots, where they may be treated with antibiotic Cows being raised for beef are often confined to feedlots, where they may be treated with antibiotic
Social and leisure organizations VS. activities by Canadians age 65 and older. Social and leisure organizations VS. activities by Canadians age 65 and older.
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library