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Jet001 [13]
3 years ago
12

During the year ended June 30, 2020, Hopkins College, a private college, received a federal government grant of $800,000 for res

earch on the role of music in improving math skills for students. Expenses that were not capital in nature for this research amounted to $100,000 during the same year. Under FASB standards, which of the following best represents how Hopkins College would report this nonexchange transaction in the net assets section for the year ended June 30, 2020? Without Donor Restrictions With Donor Restrictions A. $ 0 $ 800,000 B. $ 0 $ 700,000 C. $ 100,000 $ 700,000 D. $ 800,000 $ 0 Multiple Choice Choice C. Choice D. Choice A. Choice B
Business
1 answer:
ratelena [41]3 years ago
8 0

Answer:

b

Explanation:

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hichkok12 [17]

Inspire employees and clarify their vision. Find new and innovative ways to produce and deliver goods and services.

The main function of front-line managers is to oversee departments and employees. According to Lumen Learning, they are responsible for ensuring that the team achieves the goals of the organization.

Conceptual skill. These skills represent the manager's ability to organize and analyze information to improve the performance of the organization. This includes the ability to see the entire organization and understand how the different parts combine to act as an integrated unit.

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7 0
2 years ago
The manufacturing overhead budget at Cutchin Corporation is based on budgeted direct labor-hours. The direct labor budget indica
Setler [38]

Answer:

$59,080

Explanation:

The calculation of September cash disbursements is shown below:-

September cash disbursement = Company's budgeted fixed manufacturing overhead - Depreciation + Variable manufacturing overhead

= $43,120 - $3,640 + $7.00 × 2,800

= $43,120 - $3,640 + $19,600

= $62,720 - $3,640

= $59,080

Therefore for computing the September cash disbursement we simply applied the above formula.

4 0
3 years ago
What are some major factors that have contributed to the recent increase in the number of lawsuits against auditors and the size
telo118 [61]

Answer and Explanation:

There are several reasons why the number of lawsuits against auditors and the size of awards to plaintiffs has increased. Mainly, <em>Certified Public Accountant (CPA) firms are most likely to solve legal issues with companies in front of inaccuracies in audits without a judicial process</em> to avoid the fees, possible penalties they will have to take charge if found at fault. Thus, more lawsuits are created under that situation because those practices are not considered legal even if the plaintiff decides to come up to a resolution that way. This is because firms could still be operating unethically unless the law enforces laws in their operations.

7 0
4 years ago
What is the book of first entry​
taurus [48]

Answer:

Journals

Explanation:

“books original entry refers to the accounting journals in which business transcriptions are initially recorded the information in these books are summarized and posted into a general ledger from which financial statements are produced"

3 0
3 years ago
Bruce is a part-time student (more than half time) enrolled at a qualified postsecondary educational institution. He files as a
Dmitry_Shevchenko [17]

Answer:

The answer is: $2,250

Explanation:

The American Opportunity Tax Credit (AOTC) is a tax credit available for students that are enrolled at a qualified educational institution. The maximum annual credit is $2,250 per student, and it can be used during the first four years of higher education.

4 0
3 years ago
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