An NFP organization receives supplies from a donor. At what amount is the donation reported in contribution revenue?

How much total can i recieve a term from the direct Subsidized, unsub, and pell grant?

You have DR Checking and CR Misc Income. You realize it is not Misc Income but recieved from a donor. What is the entry made to redesignate the CR Misc Income as Ms. Smiths donation?

A donor gives a gift to a charity that is to be conveyed to a separate beneficiary. What is the method of reporting for each party if the charity receives variance power enabling it to change the identity of the beneficiary?

Under FASB standards, expenses of a not-for-profit organization can only be shown as reductions of net assets without donor restrictions. O True O False

A Voluntary Health & Welfare NFP would include which of the following financial statements in its basic financial statements?       Statement of financial position and statement of activities       Statement of financial position, statement of activities, and statement of cash flows     Statement of financial position, statement of activities, statement of cash flows, and statement of functional expenses     Statement of financial position, statement of activities, and statement of functional expenses Choose one

Which of the following is not true regarding accounting and financial reporting for nongovernmental, not-for-profit organizations? Multiple Choice Expenses are classified as with or without donor restrictions. Expenses must be reported by function, either in the Statements of Activities or in the notes. Net assets are classified according to donor-imposed restrictions. All of the choices are true.

A board sets aside resources to earn investment income to support general operations. Would the resrources set aside be recorded in a fund with donor restrictions or a fund without donor restrictions?  Would the earnings be recorded in a fund with donor restrictions or a fund without donor restrictions?

Discuss how much they should contribute to superannuation (develop a contribution schedule), providing information about the contribution rules, including contribution caps and eligibility to make concessional and non-concessional contributions, where appropriate.

In a statement of cash flows of a not-for-profit healthcare entity, what are the statement’s main sections?