User Account

All Pages

Record the above transactions on the books of Hope Hospital

Assignment Help Accounting Basics
Reference no: EM132543256

Question -

1. Hope received $36,000 in cash from pledges made in the previous year that were unrestricted as to purpose but intended to be expended in 2017.

2. Hope received $94,000 in pledges that indicated the money would be received in 2018. The donors imposed no restrictions other than the money could be used for any purpose desired by the board.

3. Hope expended $43,000 for nursing training, using $37,000 of temporarily restricted resources that had been given in 2016 for that purpose.

4. Hope received $54,000, restricted by the donor for cancer research. The funds were not expended in 2017. This is a fixed dollar, not cost reimbursement, grant.

5. Hope received $272,000 in cash. The board decided to invest the funds for future plant expansion.

Required - Record the above transactions on the books of Hope Hospital, which follows FASB (not-for-profit) and AICPA standards. The year is 2017.

Reference no: EM132543256

Questions Cloud

Determining the electrolysis experiment : An electrolysis experiment is conducted with fused CaCl2. How long would it take to deposit 1.00 grams of calcium if a current of 10.00 amps was used?
Make a cash budget for the month of october and november : Make A cash budget for the month of October November and December as well as in total for the quarter. 10% sales are on cash basis, 50% of the credit sales
State 3 mistakes the students make : State 3 mistakes the students make and suggest corrections when a solution of ammonia basin water is prepared
Gases methylamine and ammonia : The gases methylamine (CH5N) and ammonia (NH3) are closely related compounds AMD have a Similar properties. Each can be represented by the formula. R-NH2.
Record the above transactions on the books of Hope Hospital : Record the above transactions on the books of Hope Hospital, which follows FASB (not-for-profit) and AICPA standards. The year is 2017
What is the overall reaction order : What is the overall reaction order? (If it's first order, put 1 in the box; if second order, put 2 in the box, and etc)
Need a Statement of Operations for the Port Hudson Community : Need a Statement of Operations for the Port Hudson Community Hospital for the year ended December 31, 2017
Pressure calorimetry-constant volume calorimetry : Please explain how the calorimetry " -qrxn = qH20 + qcal" equation works and also generally which equations are used in constant pressure calorimetry
Equation for the spontaneous direction : Write the equation for the spontaneous direction under acidic conditions

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the accounting treatment for each given category

Trading securities and Securities available for sale. Define each of these categories of securities and discuss the accounting treatment for each category.

  Does the corporation have an operating income or loss

Does the corporation have an operating income or loss? What type of the information is found in Statement of shareholders' equity?

  Assume that almond has sufficient capacity to fill the

almond has received a special order for 13000 units of its product at a special price of 50. the product normally sells

  Prepare journal entry to record accrued interest expense

Prepare the journal entry to record the accrued interest expense at December 31 and payment of the note at maturity on February 5

  The physical inventory indicates 900 units of item ab345 on

the following information pertains to item ab345 of inventory of abc educational system inc. cost 45 per unit

  Data concerning golding corporation''s single

Data concerning Golding Corporation's single product appear

  Calculate variances for material labor and overhead

Bowser Products operates a small plant in New Mexico that produces dog food in batches of 1,200 pounds. Calculate variances for material, labor, and overhead

  Slater college accounting eleventh edition chapter 5 mini

slater college accounting eleventh edition chapter 5 mini practice setsullivan realty.does anyone have this work done

  Is the city in compliance with gaap for governmental units

Is the city in compliance with GAAP for governmental units? Explain.

  Over the years there has been many organizations

Over the years there has been many organizations

  The fairway restaurant chain had a 12 return on a 60000

the fairway restaurant chain had a 12 return on a 60000 investment in new ovens. the investment resulted in increased

  Compare the responsibility of both management and auditor

Compare the responsibility of both management and the auditor for financial reporting, and give your opinion as to which party should have the greater burden.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd