How does the text define philanthropy?
a. any voluntary action that assists a nonprofit organization or people in need
b. the donation of time to assist a nonprofit organization or people in need
c. the donation of money or property to assist a nonprofit organization or people in need
d. the possession of goodwill toward those in a more disadvantaged position
c. the donation of money or property to assist a nonprofit organization or people in need
You might also like to view...
In order to analyze the competitiveness of the banks affected by mergers, the Fed found out that in _____ out of the 49 banking markets, in which both Wells Fargo and Wachovia had operations, the merger will not violate any guidelines based on HHI or other guidelines.
A. 32 B. 40 C. 48 D. 37
Which statement is true of the FLSA requirements for overtime pay?
A. Overtime must be paid whether or not the employer specifically asked or expected the employee to work the extra hours. B. The overtime rate is one and a half times the employee's hourly rate, excluding any bonuses or piece-rate payments. C. Time worked includes hours spent on production or sales, but not on activities such as attending required classes, cleaning up the work site, and so on. D. Most workers paid on an hourly basis are exempt and therefore not subject to the laws governing overtime pay. E. Everyone is eligible for overtime pay.
Prepare a horizontal analysis of the comparative income statement of Sherman, Inc. (Round to one decimal place.) Use a multi-step income statement.
Data for Sherwood, Inc. for the years ended December 31, 2019 and 2018 are as follows:
A company sold an investment in trading securities originally costing $30,000, for $28,000 . At the beginning of the year, the investment had a valuation allowance of $3,000, debit. What is the correct disclosure for these events on the statement of cash flows prepared under the direct method, assuming that this is the only investment in trading securities?
a. $28,000 operating cash inflow; add $5,000 in the reconciliation of earnings and net operating cash flow b. $28,000 operating cash inflow c. $28,000 operating cash inflow; add $33,000 in the reconciliation of earnings and net operating cash flow d. Add $5,000 in the reconciliation of earnings and net operating cash flow.