Reflect receipt of the donations and net assets

Assignment Help Basic Statistics

Reference no: EM131765026

Question: A nongovernmental not-for-profit organization provided the following data in regard to $500,000 of donations received during the year, purchase of investments to be held perpetuily at the donor's request $100,000

FUTURE REPAIRS TO THE ORGANIZAITION'S BUILDING AND EQUIPPMENT AT THE DONOR'S REQUEST 250,000

General operation at the discretion of the board of directors 100,000

Specific program services as indicated by the donor 50,000

In order to properly reflect receipt of the donations, net assets should increase in the amount of

a. $ 400,000 unrestricted and $ 100,000 permanently restricted

b. $ 150,000 unrestricted, $ 250,000 temporarily restricted and $ 100,000 permanently restricted

c. $100,000 unrestricted, $ 300,000 temporarily restricted, and $ 100,000 permanently restricted

d. $ 100,000 unrestricted and $ 400,000 permanently restricted

Reference no: EM131765026

Questions Cloud

Purchasing power parity theory : Assume a Big Mac sells for $4.39 in the United States and Ps62.5 in Mexico, what is the Ps/$ exchange rate according to the purchasing power parity theory?

How do you now see your role and responsibilities : How do you now see your role & responsibilities and those of your interprofessional teammates? Did your understanding of teams & teamwork change? If so how?

Characteristics from the field of human resources management : Identify several concepts and characteristics from the field of Human Resources Management that this case illustrates.

Identify an assessment that could be used in a diagnosis : Identify an assessment that could be used in a diagnosis. What is the assessment and what is the diagnosis?

Reflect receipt of the donations and net assets : A nongovernmental not-for-profit organization provided the following data in regard to $500,000 of donations received during the year, purchase of investments.

What is the prax cost of debt : The bond currently sells for 108 percent of its face value. The company's tax rate is 35 percent.

What is the market rate of return on this stock : The stock is expected to pay $1.35 per share next year when the annual dividend is distributed. What is the market rate of return on this stock

Calculate the forecasted cost at completion : Calculate the forecasted cost at completion if total budgeted cost is $15,000, the cumulative actual cost is $10,000, and the cumulative earned value is $1200.

Write a brief explanation of context surrounding the speech : Write a brief explanation of the context surrounding the speech. Where it was given, what were the events that caused the speech to be given.

User Account

All Pages