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Question - You are part of a group of concerned citizens in your city and have approached the mayor to form a community organization that will provide a music outreach program for the local youth. He has given his approval and support and as the next step, chooses a board of directors and hires staff. This organization is going to be completely financed by city grants. Answer the following:
Is this a governmental or not-for-profit organization (NFPO)?
Explain your answer in detail. Support your response with a narrative containing facts or other relative information.
If you feel that it is an NFPO, what would need to happen to this organization for it to become a governmental organization?
If you feel that it is a governmental organization, what would need to happen to this organization for it to become an NFPO?
The lease will run for five years and the payments are $900 per month. During 2009, she uses her car 20% for business and 80% for personal activities. Assuming the dollar amount from the IRS table is $233, determine Lana's deduction for the lease ..
Identify two (2) key criteria you would use to evaluate different franchise opportunities, then select a franchise.Explain the concept of Ownership
Present a list of the three controlling accounts used in the general ledger to record the inventories and, in each case, indicate the related subsidiary ledger.
Prepare the adjusting entries and post to the accounts. T-accounts have been opened using the trial balance.
after finishing her first year of operations nicole used the debt-to-assets asset turnover and net profit margin ratios
Determine the total cash dividends paid during four years with preferred stock as cumulative and then calculate it again with preferred stock as non-cumulative.
Explain why the term loss is used to describe the results due to the sale of and.
Delta Ray Brands Corp. just completed their latest fiscal year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax
This SAB deals with various revenue recognition issues several of which are common within the retail Indus try.
chau company just took its physical inventory. the count of inventory items on hand at the companys business locations
How does the accounting for sales to customers using bank credit cards, such as MasterCard and VISA, differ from accounting for sales to customers.
Explain, Can you spot 2 features of QuickBooks Online Advanced that aren't available to QuickBooks Online Plus clients? Advanced custom user permissions
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