When should a nongovernment ONPO recognize contributions that are restricted by donors for capital asset acquisitions?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
A nongovernment ONPO should recognize contributions that are restricted by dono...View the full answer
Answered By
Rayan Gilbert
I have been teaching since I started my graduation 3 years ago. As a student, working as Teacher/PA has been tough but made me learn the needs for student and how to help them resolve their problems efficiently. I feel good to be able to help out students because I'm passionate about teaching. My motto for teaching is to convey the knowledge I have to students in a way that makes them understand it without breaking a sweat.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
Question Posted:
Students also viewed these Accounting questions
-
1. Contributions that are restricted by a donor to a nongovernmental not-for-profit organization are reported as a part of: a. Permanently restricted net assets b. Temporarily restricted net assets...
-
When are restricted contributions and restricted investment income permitted to be reported as unrestricted revenues instead of as temporarily restricted revenues?
-
A nongovernment VHWO or ONPO has the following resources: Resources restricted for use in future years but not restricted to a specific purpose . . . . . . . . . . . . . . . . . . . . . . $ 1,300,000...
-
According to the 1980 revisions to the Copyright Act of 1976,_____. a. the owner of a copyrighted program is allowed to make multiplecopies or adaptations for use on other computers b. copyright...
-
Would you expect to find dc or ac in the filament of a light bulb in your home? In the headlight of an automobile?
-
In a study conducted to monitor the quality of eyeglasses purchased over the Internet, 154 pairs of glasses were received from individual orders placed with several different online vendors. The...
-
Fill in the Blank. The forced-vibration solution of Duffing's equation has _____________ for any given amplitude \(|A|\).
-
Edison Company manufactures wool blankets and accounts for product costs using process costing. The following information is available regarding its May inventories. The following additional...
-
1. What are the five steps to creating more sustainable events? Describe and explain each step. 2. What is fair trade, and what does it mean for contract employees versus salaried employees?...
-
Draw the free-body diagram of the beam, which is pin-connected at A and rocker-supported at B. Given: F = 500 N M = 800 N m a = 8 m b = 4 m c = 5 m
-
Donated services are sometimes given accounting recognitionand at other times are not given accounting recognitionin the accounts and statements of VHWOs and ONPOs. Explain why some are given...
-
What are net assets released from restrictions? How are they reported?
-
Find the volume of the following solids. One of the wedges formed when the cylinder x + y = 4 is cut by the planes z = 0 and y = z X 2
-
Describe the mechanism of how changes in fiscal policy affect output and prices in the economy. In your response, discuss the importance of the positioning of the aggregate demand and aggregate...
-
Discussion: Hurricane Katrina The federal government's role in Hurricane Katrina played a significant role in the response and relief efforts; however, there was both success and failure. Some of...
-
Marcel Co. is growing quickly. Dividends are expected to grow at a rate of 0.17 for the next 4 years, with the growth rate falling off to a constant 0.02 thereafter. If the required return is 0.07...
-
Suppose a five-year, $1,000 bond with annual coupons has a price of $902.09 and a yield to maturity of 5.7%. What is the bond's coupon rate? The bond's coupon rate is %. (Round to three decimal...
-
What are Pretrial Diversion programs and their purpose? Describe the various types of Pre-trial Diversion programs thatexist (minimum of 4). Include in your analysis of the variety ofprograms the...
-
Analyze the aldol condensation in Eq. 22.53 using the method given in Eq. 22.54. Show that four possible aldol condensation products might in principle result from the starting material. Explain why...
-
In the busy port of Chennai, India, the number of containers loaded onto ships during a 15-week period is as follows: 1. Develop a linear trend equation to forecast container loadings. 2. Using the...
-
If the U.S. dollarBritish pound exchange rate is $1.30 per pound, and the U.S. dollareuro rate is $1.12 per euro: a. What is the pound-per-euro rate? b. How could you profit if the pound-per-euro...
-
Chapters 2 through 9 deal with specific knowledge needed to understand accounting and financial reporting by state and local governments. A continuous problem is available on the texts Web site...
-
Using the annual report obtained for Exercise 11, answer the following questions. a. Look at the Statement of Revenues, Expenditures, and Changes in Fund Balances for the governmental funds. List the...
-
Using the annual financial report obtained for Exercise 11, answer the following questions: a. Look at the General Fund column of the Balance Sheet for governmental funds. What are the major assets?...
-
Prepare a horizontal analysis of the balance sheet data for Nike, using 2026 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and...
-
Calculate the 90-day AUD/USD forward rate, for thecase that the current spot rate is AUD/USD 0.9425 and theinterest rate in the US is 4% and inAustralia 2%.
-
Samuels Manufacturing is considering the purchase of a new machine to replace one it believes is obsolete.The firm has total current assets of $930,000 and total current liabilities of $644,000. As a...
Study smarter with the SolutionInn App