1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KATRIN_1 [288]
3 years ago
15

A not-for-profit organization received a donation temporarily restricted as to use. Thedonated amount was later spent in accorda

nce with the restriction. In which category(ies) of netassets should the related revenues and expenses be recognized?Unrestricted:_______Temporary: Restricted:______
Business
1 answer:
suter [353]3 years ago
3 0

Answer:

the correct answer to the following question is - Unrestricted - Expenses, and Temporary restricted - Revenues.

Explanation:

NPO ( Not for profit organization ) is that type of organization which can be formed by charities , cooperatives or other voluntary organizations, for the purpose of serving the public service objective or any other educational or professional objective. Here the trustees of these organizations don't expect a repayment on the investment that they have made in the NPO . When a NPO receives donations which are temporary to use , there expenses would be coming under unrestricted category of net assets and revenues would come under Temporary restricted category of net assets.

You might be interested in
Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions): Dils Brothers Co. J.
9966 [12]

Answer:

0.64

Explanation:

Debts to total asset ratio = Total liabilities / total assets

For J.Cox Inc 2016;  Debts to total asset ratio = $47,422 / 73,744

Debts to total asset ratio = 0.64306

Debts to total asset ratio = 0.64

2016 debt-to-total-assets ratio for J. Cox, Inc. is 0.64

3 0
3 years ago
Edmond, the CEO of Hartman Manufacturing, said to his new vice president of accounting, "In the past I had resistance to new ide
Maurinko [17]

Answer:

A. strategy implementation.

Explanation:

Strategy implementation -

It refers to the practice of complying all the strategies and plans in order to attain some goal , is referred to as strategy implementation .

The practice require proper thinking and method , in order to plan in a very proper manner to accomplish the goal .

The process require some documents or soft copy of the steps involved and the rate of progress to track the project in a very concise manner .

Hence , from the given scenario of the question ,

The correct answer is A. strategy implementation.

6 0
3 years ago
Goodwill is: Multiple Choice Amortized over the greater of its estimated life or 40 years. The excess of the fair value of a bus
Svet_ta [14]

Answer:

Goodwill is:

The excess of the fair value of a business over the fair value of all net identifiable assets.

Explanation:

This definition of Goodwill implies that it is usually acquired by the purchaser of another business, when it pays a price higher than the fair market value of the other company's net assets.  It is not a physical asset like property, plant, and equipment, but intangible.

Goodwill arises from a company's good reputation, loyal customers or clientele base, brand identity, talented workforce, and proprietary technology.

Goodwill does not have a definite life and under US GAAP and IFRS standards.  Therefore, it is not amortized like other intangible assets but is evaluated for impairment every year.

8 0
3 years ago
What is the 10th Amendment about
butalik [34]
The tenth amendment to the united states constitution which is part of the bill of rights.
6 0
3 years ago
Lexus works in the handbags department of Nordstrom. She takes 3% on all purchases. She has become one of the top salespeople in
nalin [4]

Answer:

B.commission

Explanation:

Commission is a percentage paid to an employee for carrying out a particular task. Here the task is sales.

Gratuity is the amount paid to an employee at the end of employment.

Bonus is what is paid an employee in addition to base salary.

I hope my answer helps you

5 0
3 years ago
Other questions:
  • What type of advertising communicates the specific features, values, and benefits of a product offered by a particular company?
    10·1 answer
  • What type of account typically has very high liquidity, low or no interest, and low minimum balance?
    14·1 answer
  • What is the purpose of the New Window command?
    14·1 answer
  • In 1924, the famous novelist F. Scott Fitzgerald wrote an article for the Saturday Evening Post entitled ?How to live on $36,000
    12·1 answer
  • When Top-Flite introduced its Strata golf balls with a new design for better flight with hit by metal clubs, it charged three ti
    6·1 answer
  • Which of the following is not an example of a<br>n IDE device??​
    12·1 answer
  • Company Z has sales of $3,000,000, net income of $600,000, total assets of $1,000,000 and 800,000 shares of common stock outstan
    7·1 answer
  • What is the positive impact of Commerce subject on our society?​
    12·1 answer
  • What do you think is the most important thing an advertising professional must remember when using social media?
    7·1 answer
  • The difference between a change in supply and a change in the quantity supplied is that the latter is:.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!