Answer and explanation:
As their name describes, <em>nonprofit entities</em> are organizations whose main plan is not to have revenues out of their operations. They usually provide social services to different sectors of the population and can handle their operations mainly thanks to charity and donations. While making their budgets, these organizations cannot estimate their revenues since they cannot take donations for granted. Instead, they estimate their expenses since they will be incurred for sure.
Answer:
D. Spending more money than you have in your account
Explanation:
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn".
Answer:
wait I really don't understand what this question is
Sheila Recognized gain is ![\$16000](https://tex.z-dn.net/?f=%5C%2416000)
Jacob Recognized gain is ![\$8000](https://tex.z-dn.net/?f=%5C%248000)
<u>Solution:
</u>
Sheila’s Sale:
Amount noticed ![\$40,000](https://tex.z-dn.net/?f=%5C%2440%2C000)
Fixed basis ![(24,000)](https://tex.z-dn.net/?f=%2824%2C000%29)
-------------
Gain ![\$16,000](https://tex.z-dn.net/?f=%5C%2416%2C000)
Recognized Gain = ![\$16,000](https://tex.z-dn.net/?f=%5C%2416%2C000)
Jacob’s Sale:
Amount noticed ![\$48,000](https://tex.z-dn.net/?f=%5C%2448%2C000)
Fixed basis ![(40,000)](https://tex.z-dn.net/?f=%2840%2C000%29)
-------------
Gain
Recognized Gain = $8000
The $40,000 profit base of Jacob is same as the adjusted basis of Elane.
Answer:
I'm figuring this out for you!
Explanation: