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
eimsori [14]
3 years ago
6

Unrestricted current funds of a private university designated by the governing board for a specific future purpose should be rep

orted as part of:
A) Net assets without donor restrictions.
B) Net assets with donor restrictions.
C) Board-restricted net assets.
D) Term endowments.
Business
1 answer:
vlabodo [156]3 years ago
8 0

Answer:

A) Net assets without donor restrictions.

Explanation:

According to my research on IRS requirements, I can say that based on the information provided within the question this should be reported as part of Net assets without donor restrictions. Net Assets are defined as the value of an entity's assets minus the value of its liabilities.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

You might be interested in
Identify 4 economic resources from the attached picture.​
faltersainse [42]

Answer:

gold,crops, crisis, poverty

7 0
2 years ago
Read 2 more answers
Investment interest expense includes:
Oksana_A [137]

Answer:

A)) interest expense from loans to purchase corporate bonds and interest expense from loans to purchase stocks.

Explanation:

An investment interest expense can be regarded as any amount of interest which is been paid on proceeds of loan that is been used in purchasing investments or securities. investment interest expense can be regarded as been deductible under some particular circumstances.

It should be noted that investment interest expense include;

✓interest expense from loans to purchase corporate bonds

✓ interest expense from loans to purchase stocks.

8 0
3 years ago
Which output from sprint planning provides the development team with a target and overarching direction for the sprint?
Komok [63]
Sprint goal is the output from sprint <span>planning that provides the development team with a target and overarching direction for the sprint. The development team usually is committed to achieve the sprint </span>goal<span>. These goals are the result of negotiation between the owner of the product and the development team.</span>
4 0
3 years ago
On March 31, 2018, Easy Rental Agency Inc.'s trial balance included the following selected unadjusted account balances. The comp
AVprozaik [17]

Answer:

1)

Dr Depreciation expense 1,226

    Cr Accumulated depreciation 1,226

2)

Dr Unearned revenue 6,487

    Cr Rent revenue 6,487

3)

Dr Interest expense 600

    Cr Accrued interest 600

4)

Dr Supplies expense 1,960

    Cr Supplies 1,960

5)

Dr Insurance expense 3,618

    Cr Prepaid insurance 3,618

6)

Dr Income tax expense 2,600

    Cr Income tax payable 2,600

Explanation:

March 31, 2018

Prepaid insurance $14,740  - 3,618

Supplies 2,900  - 1,960

Equipment 22,100

Accumulated depreciation-equipment 5,680  + 1,226

Unearned revenue 9,730  - 6,487

interest payable 600

Income tax payable 2,600

Loan payable, due 2020 20,000

Rent revenue 30,900  + 6,487

Salaries expense 14,500

depreciation expense 1,226

interest expense 600

Supplies expense 1,960

Insurance expense 3,618

Income tax expense 2,600

1. The equipment, which was purchased on January 1, 2017, is estimated to have a useful life of four years. The company uses straight-line depreciation.

depreciation per year = $22,100 / 4 = $5,525

depreciation expense up to March 31, 2018:

$5,525 x 1.25 = $6,906.25 ≈ $6,906

adjustment entry = $6,906 - $5,680 = $1,226

Dr Depreciation expense 1,226

    Cr Accumulated depreciation 1,226

2. One third of the unearned revenue related to rent is still unearned at the end of the quarter.

adjusting entry = 9,730  - (9,730  x 1/3) = $6,486.67 ≈ $6,487

Dr Unearned revenue 6,487

    Cr Rent revenue 6,487

3. The loan payable has an interest rate of 6%. Interest is paid on the first day of each following month and was last paid March 1, 2018.

interest per month = $20,000 x 6% x 1/12 = $600

Dr Interest expense 600

    Cr Accrued interest 600

4. Supplies on hand total $940 at March 31.

adjusting entry = $2,900 - $940 = $1,960

Dr Supplies expense 1,960

    Cr Supplies 1,960

5. The one-year insurance policy was purchased for $14,740 on January 1.

insurance expense per quarter = $14,470 x 3/12 = $3,617.50 ≈ $3,618

Dr Insurance expense 3,618

    Cr Prepaid insurance 3,618

6. Income tax is estimated to be $2,600 for the quarter.

Prepare the quarterly adjusting entries required at March 31.

Dr Income tax expense 2,600

    Cr Income tax payable 2,600

8 0
3 years ago
Apple has combined some of its tangible resources (such as financial resources and research laboratories) and intangible resourc
Roman55 [17]
The answer is Samsung is Superior
6 0
3 years ago
Other questions:
  • The QuickBooks Online ecosystem gives you and your clients access to a wide range of 1.__________ to help 2.___________ their bu
    6·1 answer
  • The financial statements of the Skysong, Inc. reports net sales of $372000 and accounts receivable of $60000 and $31200 at the b
    6·1 answer
  • What impact might an economic downturn have on a borrower’s fixed-rate mortgage?
    15·2 answers
  • The following T-account is a summary of the Cash account of Cuellar Company.
    9·1 answer
  • Momentous Occasions is a photography business that shoots videos at college parties. The freshman class pays​ $1,000 in advance
    8·1 answer
  • The Reingold Hat Company uses the allowance method to account for bad debts. During 2018, the company recorded $800,000 in credi
    15·1 answer
  • Many people are surprised that working for a charitable organization can be as good for your career as working for a:
    15·1 answer
  • Suppose you buy a 7 percent coupon, 20-year bond today when it’s first issued. If interest rates suddenly rise to 15 percent, wh
    15·1 answer
  • Please help! <br><br>How can easy access to credit lead to Financial Mistakes and Bankruptcy?
    10·1 answer
  • Company A uses the FIFO method to account for inventory and Company B uses the LIFO method. The two companies are exactly alike
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!