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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: A nongovernment voluntary health and welfare organization received unrestricted
Post by: goji.go on Oct 21, 2014
A nongovernment voluntary health and welfare organization received unrestricted cash donations of $23,000 for the current year, $30,000 of donations to be used for the following year, and a $100,000 donation to establish a permanent investment endowment. The organization should report
A.   Unrestricted revenues of $53,000 and permanently restricted revenues of $100,000.
B.   Temporarily restricted revenues of $153,000.
C.   Unrestricted revenues of $23,000 and temporarily restricted revenues of $130,000.
D.   Unrestricted revenues of $23,000, temporarily restricted revenues of $30,000, and permanently restricted revenues of $100,000.


Title: Re: A nongovernment voluntary health and welfare organization received unrestricted
Post by: f_zah1 on Oct 22, 2014
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