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Prepare journal entries to record the transactions in E12- 1.In E12- 1.For each of the following transactions, identify the net asset classification (unrestricted, temporarily restricted, permanently restricted) that is affected in the NFPO financial statements for the year ended December 31, 2012. More than one net asset class may be affected in some transactions.1. Donor A gave an NFPO a $ 50,000 cash gift in June 2012, stipulating that the NFPO could not use the gift until 2013.2. Donor B gave an NFPO a $ 25,000 cash gift in July 2012, telling the NFPO the gift could be used only for research on a specific project.3. In response to an NFPO fund raising campaign for a new building, a large number of individuals promised to make cash contributions totaling $ 2 million in 2012. The NFPO believes it will actually collect 80 percent of the promised cash.4. Donor C gave an NFPO several investments having a fair value of $ 3 million in March 2012. Donor C stipulated that the NFPO must hold the gift in perpetuity, but it could use the income from the gift for any purpose the trustees considered appropriate. Between March and December, the investments produced income of $ 100,000.5. Using the funds raised in transaction 3, an NFPO paid an architect $ 50,000 in 2012 to make preliminary designs for a new building.
which of the following is not a typical reason why people evaluate a governmentals financial condition?a. prevent
osage inc.. has actual sales for june and july and forecast sales for august september october and november as follows
for each of the following cases indicate a to what rate columns and b to what number of periods you would refer in
Gold's machine had an original cost of $70,000, accumulated depreciation to date of $34,500, and a fair market value of $60,000. Cowboy's machine had a book value of $45,000 and a fair value of $53,000.
Lockard Company purchased machinery on January 1, 2010 for 80,000. The machinery is estimated to have a salvage value of $8,000 after a useful life of 8 years.
Entity Country Percent Activity Income Income Dividend Net amount
eps stock dividend nonconvertible preferred stock treasury shares shares sold on december 31 2010 berclair inc. had 200
the following information is available actual inputs for actual price each unit of output per unit of input direct
jose paid the following amounts for his son to attend big stateuniversity in
Describe the different forms of competition that take place in health care amongst the various types of health care organizations.
randolph is a 30 partner in the rd partnership. on january 1 rd distributes 15000 cash an investment with a fair value
laner company has the following data for the production and sale of 2000 units. sales price per unit800 per
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