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tester [92]
3 years ago
8

18. The following gifts are received in 2016 by a not-for-profit entity: I. $2,000 specified by the donor to be used to pay sala

ries. II. $10,000 specified by the donor for new conference room furniture. III. $5,000 specified by the donor to be held for one year before being expended. The salaries are paid in 2017 and the conference room furniture is purchased in 2016. The donor did not specify any time restriction on holding the conference room furniture. With respect to the donations received in 2016, what total amount should be recorded as an increase to Temporarily Restricted Net Assets
Business
1 answer:
xeze [42]3 years ago
4 0

Answer:

$7,000

Explanation:

Increase in Temporarily Restricted Net Assets = $2,000 + $10,000 + $5,000 = $17,000

Net increase in Temporarily Restricted Net Assets = Increase in Temporarily Restricted Net Assets - Amount of the conference room furniture purchased = $17,000 - $10,000 = $7,000

Note that the conference room furniture purchased is deducted because the donor did not stipulate a time restriction on holding the furniture.

Therefore, total amount should be recorded as an increase to Temporarily Restricted Net Assets is $7,000.

 

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$0.70 per stock

Explanation:

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since the tax rate on dividends is 20%, then the after tax gain earned by stockholders is $0.875 x (1 - 20%) = $0.70 per stock

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3 years ago
The budget is one of the three values of earned value management and is also known as _____. a. actual cost b. indirect cost c.
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Answer:

The correct answer is d. planned value

Explanation:

Among project managers, the Earned Value is one of the most demanded requirements of management tools. When we talk about it, we refer to Earned Value Management (EVM), a series of parameters that advise on the operation of the project based on a planning. The Earned Value will inform us of the cost and time deviations of the project. So, thanks to its functionality, we can make faster and more effective decisions, based on concrete data about the reality of the work performed.

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3 years ago
Durable goods are: a. consumers' goods b. raw materials combined to produce consumer goods c. those that must be replaced after
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Answer:

d. those that may be stored and repaired

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Therefore as per the given situation, the option d is correct

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Contingent Liabilities must have the following criteria (select all that apply): Select one or more: A. The obligation is certai
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