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
xxMikexx [17]
3 years ago
10

Which of the following resources increases the net assets with donor restrictions of a nongovernmental, not-for-profit voluntary

health and welfare organization? Group of answer choices Refundable advances for purchasing playground equipment Participants’ deposits for an entity-sponsored trip Membership fees to fund general operations Donor contributions to fund a resident camp program.
Business
1 answer:
guajiro [1.7K]3 years ago
3 0

Answer:

Donor contributions to fund a resident camp program.

Explanation:

The American Institute of Certified Public Accountants (AICPA) Audit and Accounting Guide, Health Care Organizations, states that when the donor restriction expires (i.e. no more in existence), all net assets that temporarily restricted has to be reported as net assets released from restrictions on the statement of operations. This will then increase the net asset.

Therefore, it only donor contributions to fund a resident camp program that can increase the net asset since there is no temporary restriction on it.

You might be interested in
The sale of bonds above face value:_________
Mnenie [13.5K]

Answer: B. will cause the total cost of borrowing to be less than the bond interest paid

Explanation:

It should be noted that when a bond is sold above the face value, this will result into the total cost of borrowings to be less than the bond Interest that was paid.

The reason for the above is due to the fact that the borrower will not be required to repay the bond premium when the bond matures at its maturity date.

Therefore, the correct option is B.

4 0
3 years ago
In year 1, a corporation incurred $3,500,000 of costs related to the development of a new software product. Of these costs, $1,0
wlad13 [49]

The amount of amortization expense on software development in year 1 comes out to be $200,000.

<h3>What is amortization?</h3>

Amortization is the concept being applied to intangible assets to show the reduction in the value over its useful life.

The amount of amortization expense on the development of software can be determined by dividing the cost of $1,000,0000 spent for establishing technological feasibility by the number of years, that is, 5 years till the asset become sold.

Therefore, in year 1, the cost of amortization comes out to be $200,000 after incurring the technological feasibility.

Learn more about the amortization expense in the related link:

brainly.com/question/16523003

#SPJ1

8 0
2 years ago
The cost (in dollars) of producing x units of a certain commodity is C(x) = 9000 + 6x + 0.05x2. (a) Find the average rate of cha
postnew [5]

Answer: The correct answer is $16.1 per unit.

Explanation:

C(x) = 9000 + 6x + 0.05x²

C(100) = 9000 + 6 × 100 + 0.05(100)²

           = 9000 + 600 + 500

            = 10,100

C(102) = 9000 + 6 × 102 + 0.05(102)²

           = 9000 + 612 + 520.5

            = 10,132.2

Now, the average rate of change of C with respect to x when production level changed from x = 100 to x = 102 is :

⇒ { \frac{C(102) - C(100)}{(102 - 100)} \\= \frac{10132.2 - 10100}{2} \\

= \frac{32.2}{2}

= $16.1 per unit

5 0
3 years ago
Read 2 more answers
Mary has a listing agreement with Broker Tom. Mary tells Tom she wants him to use broker agents to help sell her property. Tom g
malfutka [58]
Hand done dbdbdbdbbshs
4 0
3 years ago
Stockholders' equity of Eden Industries totals $63,000 in combined common stock and retained earnings. Assuming common stock and
TiliK225 [7]

Answer:

Under classified balance sheet, common stock and retained earnings are reported separately

Explanation:

Under equity section of balance sheet, common stock and retained earnings are line items i.e they are reported under equity section of balance sheet separately.

The total of these two should also be separated i.e the total is a line item also. And this forms the total equity provided there are no other line items for the for the period again.

6 0
3 years ago
Other questions:
  • Financial Management 317
    6·1 answer
  • A business cycle reflects in economic activity, particularly real GDP. The stages of a business cycle
    9·1 answer
  • If you know you are at risk of becoming unemployed, you should _____. a. wait until you officially lose the job to worry b. get
    15·2 answers
  • Which of the following is true regarding the traditional peer review process?
    15·2 answers
  • An opportunity cost is the a. monetary price paid for a good or service. b. cost of finding the lowest price for a product. c. l
    12·1 answer
  • The total assets on the balance sheet was $128,800 before journalizing and posting the adjusting entries for $800 of expired ins
    12·1 answer
  • An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays
    10·1 answer
  • Presented below is a condensed version of the comparative balance sheets for Ravensclaw Corporation for the last two years at De
    14·1 answer
  • A simple random sample of 60 items resulted in a sample mean of 76. The population standard deviation is 14.
    15·1 answer
  • A car dealer advertises a rock-bottom price for a sports utility vehicle that usually goes for $1,000 or more. When you get to t
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!