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A community wide fund raising appeal is conducted annually by a not-for-profit organization known as the Community Chest, Inc. The Community Chest receives donations from individuals during an annual fund raising appeal and distributes those funds to benefiting agencies based on the allocations process of the Community Chest. PARTI For the following transactions, select the appropriate accounting treatment for the Community Chest, Inc. and the benefiting organization as displayed in each column. Click in the associated cell and select the appropriate response from the option list provided. B Transaction Community Chest, Inc. The Community Chest receives general contributions The Community Chest receives general contributions allocated through its usual and customary allocations process. The allocations committee grants funding to a local not-for-profit Animal Shelter. A donor specifies that their donations to the Community Chest, Inc. are intended for the not-for- profit Animal Shelter. 4 An annuity contract administered by the community chest on behalf of the not-for-profit Animal Shelter increases in value. A donor promises to make a contribution to the not- for-profit Animal Shelter through the Community Chest Inc. contingent upon the Animal Shelter's 5 location and purchase of larger facilities. PART II A university established a foundation to assist in fund raising appeals. The foundation is expected to transfer funds to the university upon request and is considered financially interrelated with the university. For the following transaction, select the appropriate accounting treatment for the university and its Foundation as displayed in each column. Click in the associated cell and select the appropriate response from the option list provided. Transaction Foundation A Transaction Foundation 2 The foundation's net worth increases. A community wide fund raising appeal is conducted annually by a not-for-profit organization known as the Community Chest, Inc. The Community Chest receives donations from individuals during an annual fund raising appeal and distributes those funds to benefiting agencies based on the allocations process of the Community Chest. PARTI For the following transactions, select the appropriate accounting treatment for the Community Chest, Inc. and the benefiting organization as displayed in each column. Click in the associated cell and select the appropriate response from the option list provided. B Transaction Community Chest, Inc. The Community Chest receives general contributions The Community Chest receives general contributions allocated through its usual and customary allocations process. The allocations committee grants funding to a local not-for-profit Animal Shelter. A donor specifies that their donations to the Community Chest, Inc. are intended for the not-for- profit Animal Shelter. 4 An annuity contract administered by the community chest on behalf of the not-for-profit Animal Shelter increases in value. A donor promises to make a contribution to the not- for-profit Animal Shelter through the Community Chest Inc. contingent upon the Animal Shelter's 5 location and purchase of larger facilities. PART II A university established a foundation to assist in fund raising appeals. The foundation is expected to transfer funds to the university upon request and is considered financially interrelated with the university. For the following transaction, select the appropriate accounting treatment for the university and its Foundation as displayed in each column. Click in the associated cell and select the appropriate response from the option list provided. Transaction Foundation A Transaction Foundation 2 The foundation's net worth increases