What is the rule about when an organization that received money that was restricted by donors...
What is the rule about when an organization that received money that was restricted by donors can say the money is now unrestricted?
Homework Answers
Rule of a restricted fund is that, money can be used only for a specific intention. Donor is getting an assurance that contributed money will use only for the specific purposed mentioned by the donor.
But when the intended purpose is ended or after ending the specified time limit, that money becomes unrestricted. Example contribution towards a work in progress project, after ending the project contributed money becomes unrestricted.
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What is the rule about when an organization that received money
that was restricted by donors...
vWhat are the rules for when a nonprofit organization should consider a contribution restricted by donors,...
vWhat are the rules for when a nonprofit organization should consider a contribution restricted by donors, rather than unrestricted?
Can someone please explain to me what is unrestricted net position, restricted net position, and change...
Can someone please explain to me what is unrestricted net position, restricted net position, and change in net position? Also what would a student or parent care about when looking at the financial statements of a University?
4. The Probability Calculus- Restricted Disjunction Rule To calculate the probability that either of two events...
4. The Probability Calculus- Restricted Disjunction Rule To calculate the probability that either of two events will occur when the events are mutually exclusive, use the restricted disjunction rule. Two events are mutually exclusive if they cannot both occur at the same time. To calculate the probability of either of two mutually exclusive events (A and B) occurring, according to the restricted disjunction rule, use the following formula P(A or B) P(A)P(B) This formula tells you that the probability of...
The Watson Foundation, a private not-for-profit entity, starts 2017 with cash of $113,000; contributions receivable (net...
The Watson Foundation, a private not-for-profit entity, starts 2017 with cash of $113,000; contributions receivable (net) of $213,000; investments of $313,000; and land, buildings, and equipment of $213,000. In addition, its unrestricted net assets were $426,000, temporarily restricted net assets were $113,000, and permanently restricted net assets were $313,000. Of the temporarily restricted net assets, 50 percent must be used to help pay for a new building; the remainder is restricted for salaries. No implied time restriction was designated for...
The Watson Foundation, a private not-for-profit entity, starts 2017 with cash of $121,000; contributions receivable (net)...
The Watson Foundation, a private not-for-profit entity, starts 2017 with cash of $121,000; contributions receivable (net) of $221,000; investments of $321,000; and land, buildings, and equipment of $221,000. In addition, its unrestricted net assets were $442,000, temporarily restricted net assets were $121,000, and permanently restricted net assets were $321,000. Of the temporarily restricted net assets, 50 percent must be used to help pay for a new building; the remainder is restricted for salaries. No implied time restriction was designated for...
At the end of last year, Company X reported the following trial balance: At year-end, the...
At the end of last year, Company X reported the following trial
balance:
At year-end, the investments are allocated as follows:
These investments earn a 3% cash return during the following
year.
During the following year, Company X received $2,240,000 of
unrestricted donations, $224,000 of donations whose use is
temporarily restricted by donors as to use, and $36,000 of
donations that are permanently restricted (i.e., only the interest
can be used to cover program expenses if so approved by the...
When a natural monopoly is regulated using a marginal cost pricing rule, what can you say...
When a natural monopoly is regulated using a marginal cost pricing rule, what can you say about the firm's profit and the market's efficiency?
does the organization have temporarily restricted net asset? what is the nature of the restrictions?
does the organization have temporarily restricted net asset? what is the nature of the restrictions?
In case of replace equipment what we can say about net present value rule?
In case of replace equipment what we can say about net present value rule?
For a number of years, a private not-for-profit entity has been preparing financial statements that do...
For a number of years, a private not-for-profit entity has been preparing financial statements that do not necessarily follow generally accepted accounting principles. At the end of the most recent year (Year 2), those financial statements show total assets of $2,100,000, total liabilities of $340,000, total unrestricted net assets of $880,000, total temporarily restricted net assets of $540,000, and total permanently restricted net assets of $340,000. In addition, total expenses for the year were $980,000 (shown in unrestricted net assets)....
4. The Probability Calculus- Restricted Disjunction Rule To calculate the probability that either of two events will occur when the events are mutually exclusive, use the restricted disjunction rule. Two events are mutually exclusive if they cannot both occur at the same time. To calculate the probability of either of two mutually exclusive events (A and B) occurring, according to the restricted disjunction rule, use the following formula P(A or B) P(A)P(B) This formula tells you that the probability of...
At the end of last year, Company X reported the following trial
balance:
At year-end, the investments are allocated as follows:
These investments earn a 3% cash return during the following
year.
During the following year, Company X received $2,240,000 of
unrestricted donations, $224,000 of donations whose use is
temporarily restricted by donors as to use, and $36,000 of
donations that are permanently restricted (i.e., only the interest
can be used to cover program expenses if so approved by the...
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