Business, 14.02.2020 22:24 oclexieaocovtg07

In response to a special fundraising campaign, whereby contributions could be used only for construction of a new warehouse, a large number of individuals promised to make cash contributions totaling $2 million in 2019. The nonprofit believes it will actually collect 80 percent of the promised cash. Identify the net asset classification (without donor restrictions, with donor restrictions) that is affected in the nonprofit’s financial statements for the year ended December 31, 2019. Both net asset classifications may be affected in some transactions.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 18:00

Which of the following results from outsourcing jobs from the united states to other countries? a. increasing exports out the united states. b. lower wages for u.s. workers. c. reduced immigration to the united states. d. subsidies for goods made in the united states. 2b2t

Answers: 2

Answer

Business, 21.06.2019 22:30

What two elements normally must exist before a person can be held liable for a crime

Answers: 1

Answer

Business, 22.06.2019 15:20

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.

Answers: 1

Answer

Business, 22.06.2019 19:50

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?

Answers: 2

Answer

You know the right answer?

In response to a special fundraising campaign, whereby contributions could be used only for construc...

Questions