Reference no: EM13786647
1) In each of the following scenarios, an organization receives a contribution in-kind. Prepare journal entries, as necessary, to give them accounting recognition. For each, tell why you made an entry or why you did not. 1) A local not-for-profit art museum receives advertising for its yearly benefit from radio station WLOU. The airtime would have cost the museum $1,000.
2) Volunteers for ‘‘Breakfast on Bikes,'' a voluntary health and welfare organization, deliver hot meals to the elderly three times a week. Each of the ten volunteers works about six hours per week. All of the volunteers have permanent jobs with pay averaging $36.10 an hour.
3) Lynn Simms, a local CPA, maintains the books and records of her church. Although her normal billing rate is $120 per hour, she accepts no payment from the church. She works on church matters approximately four hours a week.
4) A construction company allows a not-for-profit community association to use its bulldozer at no cost to clear land for a new baseball park. If the association had to rent the bulldozer it would have incurred costs of $2,400.
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Corporate social responsibility and global citizenship
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Distinguish between charge and sentence bargaining
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Worker-machine operation-cycles of stopwatch study
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Reflection about the learning modules and simulation
: Write a 100- to 350-word reflection about the learning modules and simulation and submit it to your instructor
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Cost to clear land for a new baseball
: A construction company allows a not-for-profit community association to use its bulldozer at no cost to clear land for a new baseball park. If the association had to rent the bulldozer it would have incurred costs of $2,400.
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Brief comparison of jail and prison inmates
: A brief comparison of jail and prison inmates, A brief comparison of male and female inmates' backgrounds, A brief comparison of state and federal inmates, including the difference between prison life in private and nonprivate prisons
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Most likely to be effective for implementing major change
: Which is most likely to be effective for implementing major change? What is the best way for the CEO to deal with managers in key positions who continue to resist a major change? Which of the following was not recommended for developing a vision for ..
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Specification for plastic liner for concrete highway project
: The specifications for a plastic liner for concrete highway projects call for a thickness of 4.0 mm 0.3 mm. The standard deviation of the process is estimated to be 0.05 mm. The process is known to operate at a mean thickness of 3.8 mm. What is the o..
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Auditor is prohibited from contemporaneously
: Under Sarbanes Oxley, an auditor is prohibited from "contemporaneously" providing a public company auditing client which the following specific types of consulting or other non audit services:
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