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the second question is matching Two high school student volunteers spend 2 hours painting part of a nonprofit organization's office space. If the organization hired
the second question is matching
Two high school student volunteers spend 2 hours painting part of a nonprofit organization's office space. If the organization hired professional painters this service would have costed $400. How much should this service donation be recorded for? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to spleet an answer. $400 b $800 Cannot be determined d It should not be recorded at all Match the premise to the correct response Drag and drop options on the right-hand side and submit. For keyboard navigation... SHOW MORE A donation of $500k was made to the Save the Sharks Foundation to be used only for studying swimming patterns of sharks in the year 20X0. III Contributions with donor restrictions Save the Sharks has received a donation of $5. Management decided to use this money in 20X1. III Not enough information to determine Contributions without donor restrictions Assume an NFPO received an unconditional promise totaling $50,000, and expects to receive the gift in the current period. Historically, the organization collects 90% of pledges made. Which of the following would be the correct debit for the journal entry? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Pledges Receivable $50,000 b Contributions revenue without donor restrictions $50,000 Contributions revenue- without donor restrictions $45,000 d Cash $50,000 Place the section titles in the appropriate order for a Not-for-profit statement of Activities Drag and drop options into correct order and submit. For keyboard navigation. SHOW MORE V = Revenues Gains & Other support IHI Net assets. Beginning of year III Change in Net Assets III Expenses III Net assets. End of year Which type of not-for-profit organization must complete a Statement of Functional Expenses? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a ONPO (Other not-for-profit organization) b Colleges/Universities Healthcare d VHWO (Voluntary Health and Welfare Organizations) Step by Step Solution
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