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Problem 1: Prepare the journal entry to record the following transaction of Youth Services Inc. (YSI), a private not-for-profit entity that provides counseling, training, and recreation programs for young people. YSI records all transactions so as to identify the two classes of net assets (without donor restrictions & with donor restrictions) required for financial reporting. YSI initially records all donations with program restrictions as donor-restricted until used for the intended purpose.
Ellen Falk, a local attorney, donates 10 hours of her time to YSI drawing up legal contracts. Ms. Falk also donates 20 hours preparing lunch for the youths. She normally charges $200 an hour for her legal services. YSI would have hired an attorney if Ms. Falk had not volunteered her time.
Determine and Compute the current ratio. Coastal Company's balance sheet reported total assets of $473,000 which include: cash, $35,000
Calculate and Determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number
Assume that Holt had 90,000 common shares, How much cash would be paid out in 2014, 2015, and 2016 to each class of shares
Because of an increase in the sales tax from 4 percent to 5 percent and the expected hosting of several large conventions in 2013, sales tax revenues are expected to increase by 20 percent.
What figure from the history of philosophy section do you think might have some views that are similar, or at least relevant, to your own? Explain why you chose that particular figure.
Of the total fixed costs of $282,000, $18,000 could be avoided if the French Carpet was dropped, What is the break-even quantity and dollars of each product
ACCT 602 Accounting and Accountability Assignment. The essay should also show extensive evidence of research. Identify an area of research
Springfield Express is a luxury passenger carrier in Texas. What is the break-even point in number of passenger train cars per month
compute trend percentages for the following items taken fromthe financial statements over a five year period. treat
Cooper and Brandy are married and file a joint income tax return with two separate Schedule Cs. How much is Cooper total deduction on his Schedule C
Prepare a report for the board of directors on how to address the proposed funding cuts while remaining sensitive to the needs and health of the community and your patients. In your report, reflect on the key course objectives as well as the financia..
If the cost per equivalent unit is $0.85 and the cost per equivalent units for conversion is $1.10, what is the total cost of the equivalent units
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