subject
Business, 16.10.2020 06:01 michaelgg7166

Recording journal entries for nonprofits Prepare journal entries to record the transactions in Exercise E13-26.
1. Donor A gave a nonprofit a $50,000 cash gift in June 2019, stipulating that the nonprofit could not use the gift until 2020.
2. Donor B gave a nonprofit a $25,000 cash gir in July 2019, telling the nonprofit the gift could be used only for a reasearch on a specific project.
3. In response to a special fundraising campaign, whereby contributions could be used only for construction of a new warehouse, a large number of induviduals promised to make cash contributions totaling $2 million in 2019. The nonprofit believes it will actually collect 80 percent of the promised cash.
4. Donor C gave a nonprofit seveeral investments having a fair value of$3 million in March 2019. Donor C stipulated that the nonprofit must hold the gift in perpetuity, but it could use the income from the gift for any purpose the trustees considered appropriate. Between March and December, the investments produced income of $100,000.
5. Using the resources raised in Transaction 3, a nonprofit paid an architect $50,000 in 2019 to make preliminary designs for a new building.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 18:00, sam10146
Abc company currently pays a dividend of $2.15 per share, d0=2.15. it is estimated that the company’s dividend will grow at a rate of 30 percent per year for the next 3 years, then the dividend will grow at a constant rate of 7 percent thereafter. the market rate of return is 9 percent. what would you estimate is the stock’s current price?
Answers: 3
image
Business, 22.06.2019 08:50, sandram74691
Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u. s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize
Answers: 3
image
Business, 22.06.2019 13:20, sailesd57
Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
Answers: 2
image
Business, 22.06.2019 17:30, flax05
What is the sequence of events that could lead to trade surplus
Answers: 3
You know the right answer?
Recording journal entries for nonprofits Prepare journal entries to record the transactions in Exer...

Questions in other subjects: