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You are part of a group of concerned citizens in your city and have approached the mayor to form a community organization that will provide a music outreach program for the local youth. He has given his approval and support and as the next step, chooses a board of directors and hires staff. This organization is going to be completely financed by city grants.
Answer the following:
Question 1: Is this a governmental or not-for-profit organization (NFPO)? Explain your answer in detail. Support your response with a narrative containing facts or other relative information.
Question 2: If you feel that it is an NFPO, what would need to happen to this organization for it to become a governmental organization?
Question 3: If you feel that it is a governmental organization, what would need to happen to this organization for it to become an NFPO?
Puma will expect favoured treatment again and again if we continue to do business
Our original estimated were not accurate we need to adjust to reflect reality and the matching principle. Prepare proper Journal entry to reflect adjustment
Received inventory valued at $16,000 and equipment with market value of $9,500 for $3,700 shares of the $2.00 par common stock. Journalize the transactions and Prepare the stockholders equity section
at 123120b longhorn construction company provided the following information regarding its only long-term
Auditing general cash for the Pittsburgh Supply Company for the fiscal year ended July 31, 2009. The client has not prepared the July 31 bank reconciliation. After a brief discussion with the owner,
The Wildcat Oil Company is trying to decide whether to lease or buy a new computer-assisted drilling system for its oil exploration business.
Compute the annual depreciation and carrying value for the new crane for each of the 6 years under each of the following methods
Employees in Personnel work 35 hour weeks with four weeks for vacation. What is the cost per minute for activities in Personnel
In 4000 words, write a paper detailing the issues surrounding corporate fraud in India. You have creative freedom in this paper to choose the type of frauds you would like to discuss, their impacts and possible remedies.
a company issued 5000000 of 10 10-year bonds at 93 on december 31 2004. the bonds are callable at 102. the company uses
tavorn corporation applies manufacturing overhead to products on the basis of standard machine-hours. the companys
Locust Company purchased merchandise on account from supplier. Under a perpetual inventory system what account is credited by Locust Company to record return?
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