The net asset would be $81,000 or $0 depending upon the policy of the Non-Profit Organization.
<h3><u>
What is a Non-Profit Organization?</u></h3>
- A non-profit organization is a group that was established with the intention of making a profit, and in which no part of the organization's revenue is given to its directors, officials, or members.
- "Non-stock corporations" are a common moniker for nonprofit organizations.
- They may be organized as a corporation, a sole proprietorship, an unincorporated association, a partnership, a foundation, a condominium, or another type of individual enterprise (for instance, individual charitable contributions) (joint ownership of common areas by owners of adjacent individual units incorporated under state condominium acts).
- When they are established, nonprofit organizations must declare themselves to be so and are only allowed to work on projects that fall under their legal definition.
The value of the equipment given by the donor = $90,000
The charge of depreciation = $9,000.
The total assets of a business less the total liabilities equals the entity's net assets. The sum of a company's net assets equals its stockholders' equity in whole. Net assets are divided into unrestricted and restricted net assets of a nonprofit organization.
The net asset would be either $81,000 or $0.
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Answer:
$2,166.60
Explanation:
Divide the salary by 12 months that are in a year, then divide my 2 because bi-weekly is every 2 weeks.
Answer:
A. high school diploma
Explanation:
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Answer:
Creative Sound Systems should report $15,9 million as net cash flows from financing activities.
Explanation:
Consider only items relating to financing activities.
Cash flow from financing activities
Proceeds from Sale of common stock $41.8 million
Purchased of treasury stock ( $25.9 million)
Net Cash flow from Financing Activities $15,9 million
Embezzlement. He is taking (stealing) asserts that we’re entrusted to him. Bad Bart!
