Business, 17.07.2020 23:01 caitlinrosekozoxegcb
Indicate how the following contributed service would be recorded by a private, not-for-profit organization:
A parent of one of the league participants volunteered to coach the soccer team for his son’s junior league. The parent coached professionally before retiring 10 years ago. The previous two coaches had never coached before.
A. The contribution is not recorded.
B. The contribution is recorded as revenue with an equal amount recorded as expense.
C. The contribution is recorded as revenue with an equal amount recorded as "other financing uses."
D. The contribution is recorded as an asset with an equal amount recorded as expense.
E. The contribution is recorded as an asset with an equal amount recorded as contribution revenue.
Indicate how the following contributed service would be recorded by a private, non-profit organization:
Several members of a local church donated time delivering meals to elderly members.
A. The contribution is not recorded.
B. The contribution is recorded as revenue with an equal amount recorded as expense.
C. The contribution is recorded as revenue with an equal amount recorded as "other financing uses."
D. The contribution is recorded as an asset with an equal amount recorded as expense.
E. The contribution is recorded as an asset with an equal amount recorded as contribution revenue.
Indicate how the following contributed service would be recorded by a private, non-profit organization:
Several members of the Penn State Harrisburg baseball team donated time coaching a team in the local little league.
A. The contribution is not recorded.
B. The contribution is recorded as revenue with an equal amount recorded as expense.
C. The contribution is recorded as revenue with an equal amount recorded as "other financing uses."
D. The contribution is recorded as an asset with an equal amount recorded as expense.
E. The contribution is recorded as an asset with an equal amount recorded as contribution revenue.
Answers: 1
Business, 22.06.2019 11:00, cranfordjacori
The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.
Answers: 2
Business, 22.06.2019 16:00, winstonbendariovvygn
If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?
Answers: 3
Business, 23.06.2019 00:00, makayyafreeman
According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.
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Indicate how the following contributed service would be recorded by a private, not-for-profit organi...
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