User Account

All Pages

What would be the balance in the capital fund

Assignment Help Accounting Basics
Reference no: EM132001368

Question - Do-Good Society is a not-for-profit organization formed on January 1, 20X2. On its first day of operations, a donor made a restricted fund contribution of $8,400 and Do-Good Society used part of this money to purchase equipment costing $8,000. The equipment is estimated to have a useful life of four years and be worthless at the end of that time. There were no other activities in the donations or purchases of this type for the balance of the year. What would be the balance in the capital fund on December 31, 20X2?

1. $6,000

2. $6,400

3. $8,000

4. $8,400

Reference no: EM132001368

Questions Cloud

Why are terrestrial connections preferred : Do some Internet research to identify the reasons why providers like Bulk TV & Internet use terrestrial circuits rather than satellite links to support.
Write a report on the justice system needs to reform : Write a report on whether or not you think the justice system needs to reform how girls are treated, particularly once they are in a juvenile detention center.
Evaluate two mechanization projects with cash flows : our boss has asked you to evaluate two mechanization projects with the following cash flows:
The differences between inmate safety in public vs private : Watch this PBS special on private prisons. This documentary discusses the moral, ethical and practical concerns of housing criminals in a private institution.
What would be the balance in the capital fund : There were no other activities in the donations or purchases of this type for the balance of the year. What would be the balance in the capital fund on December
Choosing between two pieces of equipment : ElectroFlow, Inc. is choosing between two pieces of equipment. Which machine should be chosen and what assumptions underlie that choice?
Who should be harmed from price restriction : Who gains the most from this price restriction. And who should be harmed from this price restriction.
Focus on the extent that an officer should use force : Focus on the extent that an officer should use force against traffic violators who are just being "uncooperative" opposed to a suspect who is posing a "threat."
Discuss about business intelligence and data warehouses : Businesses today are extremely reliant on large amounts of data for making intelligent business decisions. Likewise, the data warehouses are often structured.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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