Homework Answers
| Resources restricted use in future years but not restricted to a specific purpose | Net assets without donor restrictions |
| Unrestricted resources designated for plant expansion | Net assets without donor restrictions |
| Undesigned and unrestricted resources | Net assets without donor restrictions |
| Resources restricted by donors for Scholarship | Net assets with donor restrictions |
| Resources invested in fixed assets (Net of related accumulated depreciation and debts) | Net assets without donor restrictions |
| Resources restricted by bond indenture for plant expansion | Net assets with donor restrictions |
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nization Overview...
i dont understand what im doing wrong- please explain and correct W isco Dut not enurely...
i
dont understand what im doing wrong- please explain and
correct
W isco Dut not enurely correct. eneral Journa 41.000 41.000 41,000 Reclassifications to Na Asacts Without Donor Restrictions Expiration of Time Rest 41,000 99,000 Pages Receive Revenues With Doror Restrictions Operating Expense Nu Tran 50.000 Rec t ions to Net Asats We Donor Restrictions Satisfaction of Program 44,000 41,000 41,000 278,000 278.000 Without Donor Racions Designed by Board or Part 278,000 Required: Record the following transactions on the books...
there should be 11 entires total at the end Required: Record the following transactions on the...
there should be 11 entires total at the end
Required: Record the following transactions on the books of Hope Hospital, which follows FASB (not-for-profit) and AICPA standards. The year is 2020. Of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. Hope received $41,000 in cash from pledges made in the previous year that were unrestricted as to purpose but intended to be received and expended in 2020 2. Hope received...
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...
Problem 19-11 with details please a. $0. b. a decrease of $40,000. c. an increase of...
Problem 19-11 with details please
a. $0. b. a decrease of $40,000. c. an increase of $40,000. d. an increase of $50,000. (AICPA adapted) Problem 19-11 (LO 7, 8) Health care, multiple-choice. Select the best answer for each of the following multiple-choice items dealing with health care organizations. 1. Hospital financial resources are required by a bond indenture to be set aside to finance con- struction of a new pediatrics facility. In which of the following hospital net asset classes...
Problem 19-10 with the reasons for the answer Cash ....... Debit Credit Accounts Receivable (net) ......
Problem 19-10 with the reasons for the answer
Cash ....... Debit Credit Accounts Receivable (net) ... 255,000 Contributions Receivable. 625,000 Inventory of Supplies ..... 185,000 Student Loans Receivable .. 175,000 Land, Buildings, and Equipment (net) ........ 300,000 Long-Term Investments... 1,450,000 Accounts Payable ....... 3,025,000 Amounts Held on Behalf of Others. . . . . ... 120,000 250,000 Long-Term Debt 660,000 U.S. Government Grants Refundable .... 100,000 Problem 19-10 (LO 6, 7, 8, 10) Health care, multiple-choice. Select the best answer...
i
dont understand what im doing wrong- please explain and
correct
W isco Dut not enurely correct. eneral Journa 41.000 41.000 41,000 Reclassifications to Na Asacts Without Donor Restrictions Expiration of Time Rest 41,000 99,000 Pages Receive Revenues With Doror Restrictions Operating Expense Nu Tran 50.000 Rec t ions to Net Asats We Donor Restrictions Satisfaction of Program 44,000 41,000 41,000 278,000 278.000 Without Donor Racions Designed by Board or Part 278,000 Required: Record the following transactions on the books...
there should be 11 entires total at the end
Required: Record the following transactions on the books of Hope Hospital, which follows FASB (not-for-profit) and AICPA standards. The year is 2020. Of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. Hope received $41,000 in cash from pledges made in the previous year that were unrestricted as to purpose but intended to be received and expended in 2020 2. Hope received...
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...
Problem 19-11 with details please
a. $0. b. a decrease of $40,000. c. an increase of $40,000. d. an increase of $50,000. (AICPA adapted) Problem 19-11 (LO 7, 8) Health care, multiple-choice. Select the best answer for each of the following multiple-choice items dealing with health care organizations. 1. Hospital financial resources are required by a bond indenture to be set aside to finance con- struction of a new pediatrics facility. In which of the following hospital net asset classes...
Problem 19-10 with the reasons for the answer
Cash ....... Debit Credit Accounts Receivable (net) ... 255,000 Contributions Receivable. 625,000 Inventory of Supplies ..... 185,000 Student Loans Receivable .. 175,000 Land, Buildings, and Equipment (net) ........ 300,000 Long-Term Investments... 1,450,000 Accounts Payable ....... 3,025,000 Amounts Held on Behalf of Others. . . . . ... 120,000 250,000 Long-Term Debt 660,000 U.S. Government Grants Refundable .... 100,000 Problem 19-10 (LO 6, 7, 8, 10) Health care, multiple-choice. Select the best answer...
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