No handwriting or photo A Not-For-Profit Organization (NFPO) received three cash donations: a) SAR 10,000 from...
No handwriting or photo
A Not-For-Profit Organization (NFPO) received three cash donations: a) SAR 10,000 from a donor who said it must be used only for research into a new method for treating substance abusers b) SAR 14,000 from a donor who said it may be used for any purpose the trustees choose, but not until the following year; and c) SAR 50,000 from a donor who said the gift must be maintained in perpetuity, with the income from it to be used for any purpose the trustees choose. Pass the journal entry in the Book of NFPO.
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
No handwriting or photo
A Not-For-Profit Organization (NFPO) received three cash
donations: a) SAR 10,000 from...
A Not-For-Profit Organization (NFPO) received three cash donations: a) SAR 10,000 from a donor who said...
A Not-For-Profit Organization (NFPO) received three cash donations: a) SAR 10,000 from a donor who said it must be used only for research into a new method for treating substance abusers b) SAR 14,000 from a donor who said it may be used for any purpose the trustees choose, but not until the following year; and c) SAR 50,000 from a donor who said the gift must be maintained in perpetuity, with the income from it to be used for...
The University of Danville is a private not-for-profit university that starts the current year with $700,000...
The University of Danville is a private not-for-profit
university that starts the current year with $700,000 in net
assets: $400,000 without donor restrictions and $300,000 with donor
restrictions. The $300,000 is composed of $200,000 with purpose
restrictions and $100,000 that must be held permanently.
The following transactions occurred during the year.
Charged students $1.2 million for tuition and fees.
Received a donation of equity investments that had cost the
owner $100,000 but is worth $300,000 currently. According to the
terms...
1 -6 nts eBook Print The Watson Foundation, a private not-for-profit entity, starts 2020 with cash...
1 -6 nts eBook Print The Watson Foundation, a private not-for-profit entity, starts 2020 with cash of $100,000, contributions receivable (net) of $200,000, investments of $300,000, and land, buildings, and equipment (net) of $200,000. Net assets without donor restrictions were reported as $400,000, the same figure as the net assets with donor restrictions. Of the restricted net assets, $300,000 was purpose restricted whereas the other $100,000 had to be held permanently, although the subsequently earned income is without restriction. Fifty...
The University of Danville is a private not-for-profit
university that starts the current year with $700,000 in net
assets: $400,000 without donor restrictions and $300,000 with donor
restrictions. The $300,000 is composed of $200,000 with purpose
restrictions and $100,000 that must be held permanently.
The following transactions occurred during the year.
Charged students $1.2 million for tuition and fees.
Received a donation of equity investments that had cost the
owner $100,000 but is worth $300,000 currently. According to the
terms...
1 -6 nts eBook Print The Watson Foundation, a private not-for-profit entity, starts 2020 with cash of $100,000, contributions receivable (net) of $200,000, investments of $300,000, and land, buildings, and equipment (net) of $200,000. Net assets without donor restrictions were reported as $400,000, the same figure as the net assets with donor restrictions. Of the restricted net assets, $300,000 was purpose restricted whereas the other $100,000 had to be held permanently, although the subsequently earned income is without restriction. Fifty...
Most questions answered within 3 hours.
-
An acidic solution containing gold ions is
electrolyzed, producing gaseous oxygen (from water) at the anode...
asked 3 minutes ago -
Assume that the population of Mexico is 128
million and that the population increases 1.01
percentannually....
asked 1 hour ago -
Can someone please help me add appropriate descriptive
comments to each line of code in the...
asked 1 hour ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 2 hours ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 2 hours ago -
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 1 hour ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 2 hours ago -
1. The bus bars of a power station are in two sections A and B
separated...
asked 2 hours ago -
Fiscal policy is the deliberate manipulation of taxes and
government spending to alter GDP, employment, inflation...
asked 3 hours ago -
evaluating an expression using only one digit and + and - as
operators ....3+5-1+7-5+8
-----------------------
stack...
asked 3 hours ago -
Two concentric current loops lie in the same plane. The smaller
loop has a radius of...
asked 4 hours ago -
1)Which of the following is an
important difference between qualified and nonqualified retirement
plans?
a. Qualified...
asked 4 hours ago