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Sati [7]
3 years ago
5

True or False: Contributions received in a prior period and restricted by the donor for construction of a building were reported

as increases to "temporarily restricted net assets" in the period received. When the building is constructed in a subsequent period a not-for-profit would report "contributions" for the amount released from restrictions.
Business
1 answer:
noname [10]3 years ago
7 0

Answer:

The correct answer is False.

Explanation:

If the contribution is for the subsequent acquisition of assets, in the same way as in the previous point it is carried as deferred income and amortized in line with the depreciation of the acquired asset, as amortization of deferred contributions.

Permanently restricted contributions are taken to this category in net assets and correspond to those that are represented in assets that must be kept in perpetuity.

Unrestricted contributions used in the year are taken directly to income; if they are not used in the year they are taken as part of the net assets without restrictions.

If the board of directors or equivalent body decides to allocate an unrestricted contribution item for a special purpose, it is carried as an internally restricted net asset.

Contributions with temporary restrictions are carried as part of the temporarily restricted net asset.

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Melanie owns a bakery and has just purchased new powerful mixing machines that will increase her daily output of baked goods. Th
maria [59]

Answer:

A

Explanation:

Here are the options :

A.physical capital.B.technology.C.human capital.D.financial capital.

Physical capital can be described as tangible, man-made objects used to produce goods. They include machinery, cars

3 0
2 years ago
​ If the Fed announces that it will decrease U.S. interest rates, and the European Central Bank takes no action, then the value
Tcecarenko [31]

Answer:

c. appreciate

Explanation:

If the Federal Reserve reduces the interest rate of the US dollar this will lead to lower cost of funds, more people will borrow money and this increases money supplied to the economy.

Excess money will pursue less goods leading to inflation where the purchasing power of the US dollar will reduce.

All things being equal the value of the euro will appreciate against the US dollar if interest rate is decreased.

As the euro strengths against the US dollar, one will need less euros to purchase the weakened dollar.

6 0
3 years ago
Longhorn Company reports current E&P of $100,000 in 20X3 and a deficit of ($200,000) in accumulated E&P at the beginning
ikadub [295]

Answer: Dividend of $100,000, Capital Gain of $100,000 and Tax Free Return on basis of $100,000

Explanation:

Longhorn Company reports current E&P of $100,000 in 20X3 and still distributed $300,000 to it's sole shareholder. Because it had $100,000 in current E&P, that is all it can declare as Dividends. For this reason, the shareholder will recognize $100,000 as Dividends.

The Shareholder has a basis of $100,000 in the stock of Longhorn. As a result of this, $100,000 of the Distribution will be termed a TAX FREE Return on Basis because he is receiving a return on his basis that is neither a dividend nor capital gain.

The remaining $100,000 will be considered a Capital Gain as it reflects a rise in his stock.

4 0
3 years ago
Laelle corp., a furniture manufacturing company, uses marketing efforts like paid television commercials and magazine inserts to
natta225 [31]

The activities that Laelle Group is doing are all related to ADVERTISING. Advertising is an activity where in the company promoting the product and services. There are different types of advertising like broadcast media, print media, support media, direct marketing, product placement, and the internet advertising. The main purpose of having an advertisement is to help the company or business to be known or popular to consumers. Also, advertising can help the product to be widespread and be known and promotes how effective and useful the product and service of a certain company. Advertisements can me visual or an audio type. Company uses a remarkable slogan for their advertisement in order for the consumer to recall the product and service.

4 0
3 years ago
Anna would like to incorporate her plumbing business, which is located in flagstaff, arizona. where can she find out the require
irina1246 [14]

Anna would like to incorporate her plumbing business. So Anna can find out the requirements for incorporation in Arizona Statue.

To incorporate a business refers to turning a sole proprietorship or general partnership into a corporation. A business is formally organized and officially brought into existence through incorporation. This process of incorporation involves writing up a document known as the articles of incorporation.

So here in this case, Anna lives in Flagstaff, Arizona. Thus, the government entity that is responsible here for authorizing her corporation is the Arizona state government. However, she must find information regarding incorporation in Arizona's Statute.

Hence, incorporation is the formation of a new corporation.

To learn more about incorporation here:

brainly.com/question/18881734

#SPJ4

3 0
2 years ago
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