Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Coats for Kids organization had total support during 2020 as follows: United Way Support $ 40,000 Grants from the state 30,000 Contributions from Individuals

image text in transcribed

The Coats for Kids organization had total support during 2020 as follows: United Way Support $ 40,000 Grants from the state 30,000 Contributions from Individuals 420.000 Of the $420,000 recelved from Individuals, $370,000 came from 5 contributors, each of whom gave $74,000; the other $50,000 came from small, separate Individual donations. Based on the Public Support Test, Coats for Kids would be considered which type of organization for 2020? Multiple Choice Governmental Entity O Unassociated Foundation O Public Charity Private Foundation O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Endangered Economies How The Neglect Of Nature Threatens Our Prosperity

Authors: Geoffrey Heal

1st Edition

0231180845, 9780231180849

More Books

Students also viewed these Accounting questions