The transactions described in the following questions occurred in a voluntary health and welfare organization during the year ended December 31, 20X8. For each transaction, indicate its effect(s) on the organization's statement of activities prepared for the year ended December 31, 20X8. List all effects of transactions affecting more than one class of net assets. Indicate your choice(s) by entering the letter corresponding to the effects listed here:Effects of Transactions on Statement of Activities A. Increases net assets with donor restrictions. B. Decreases net assets with donor restrictions. C. Increases net assets without donor restrictions. D. Decreases net assets without donor restrictions. E. Transaction is not reported on the statement of activities. Received cash
contributions restricted by donors for research.
What will be an ideal response?
Answer: C
You might also like to view...
Delivery challenges, scaling of product or service, and complexity in processes are examples of functional risk
Indicate whether the statement is true or false
Most survey research is descriptive research.
Answer the following statement true (T) or false (F)
Sally divorced her husband three years ago and has not remarried. Since the divorce she has maintained her home in which she and her now sixteen-year-old daughter reside. The daughter is a qualified child. Sally signed the daughter's dependent status over to her ex-spouse by filing the appropriate IRS form. What is Sally's filing status for the current year?
A. married filing separately B. head of household C. surviving spouse D. single
Microsoft Access database objects are displayed in the ________
A) Navigation Pane B) Browser Pane C) Object Browser Pane D) Gallery Pane