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Author Question: A nongovernment, not-for-profit organization provides the following information and asks you to ... (Read 25 times)

itsmyluck

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on: Jul 5, 2018
A nongovernment, not-for-profit organization provides the following information and asks you to determine how much revenue should be reported in each of its changes in net assets categories.
 
  All pledges are unconditional
 
  Cash contributions restricted to specific programs 200,000
  Cash contributions restricted to endowment 1,000,000
  Net realizable value of pledges to a building program resulting from current year fund raising efforts
  450,000
  Net realizable value of unconditional pledges resulting from current year fund raising efforts
  105,000
 
   Changes in
 
  Unrestricted
  Net Assets Temporarily
  Restricted
  Net Assets Permanently
  Restricted
  Net Assets
  A. 105,000 650,000 1,000,000
  B. 105,000 200,000 1,450,000
  C. 0 305,000 1,450,000
  D. 0 755,000 1,000,000

Question 2

A man-made system that generally consists of an integrated set of computer-based components and manual components established to collect, store, and manage data and to provide output information to users.
 a. information system
  b. output system
  c. business event system
  d. database system


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aliotak

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

D: Moderate; LO3)

Answer to Question 2

A


itsmyluck

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  • Posts: 546
Reply 2 on: Jul 5, 2018
Excellent

shailee

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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