Questions from Advanced Accounting


Q: A voluntary health and welfare entity has the following expenditures:

A voluntary health and welfare entity has the following expenditures: Research to cure disease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $60,000 Fund-raising costs . . . . . . ....

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Q: A voluntary health and welfare entity sends a mailing to all of

A voluntary health and welfare entity sends a mailing to all of its members including those who have donated in the past and others who have never donated. The mailing, which had a total cost of $22,0...

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Q: A voluntary health and welfare entity receives $32,000 in

A voluntary health and welfare entity receives $32,000 in cash from solicitations made in the local community. The charity receives an additional $1,500 from members in payment of annual dues. Members...

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Q: George H. Ruth takes a leave of absence from his job

George H. Ruth takes a leave of absence from his job to work full time for a voluntary health and welfare entity for six months. Ruth fills the position of finance director, a position that normally p...

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Q: A voluntary health and welfare entity produces a statement of functional expenses

A voluntary health and welfare entity produces a statement of functional expenses. What is the purpose of this statement? a. Separates current unrestricted and current restricted funds. b. Separates p...

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Q: Gray, Stone, and Lawson open an accounting practice on January

Gray, Stone, and Lawson open an accounting practice on January 1, 2016, in San Diego, California,to be operated as a partnership. Gray and Stone will serve as the senior partners because oftheir years...

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Q: Go to www.charitynavigator.org and click on “Methodology

Go to www.charitynavigator.org and click on “Methodology” near the top of the page. Read the information that is provided and write a short memo to explain how this organization rates charities.

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Q: Go to the website www.guidestar.org and enter the

Go to the website www.guidestar.org and enter the name of a private not-for-profit organization. Considerable information will be available about the entity. By registering, it should be possible to f...

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Q: Go to the following URL for Georgetown University: http://financialaffairs

Go to the following URL for Georgetown University: http://financialaffairs.georgetown.edu/gta/statements.html. Click on the link for the most recent set of financial statements for the university. Loo...

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Q: Go to the website of a private voluntary health and welfare entity

Go to the website of a private voluntary health and welfare entity such as United Cerebral Palsy (www.ucp.org), the American Heart Association (www.americanheart.org), or the American Cancer Society (...

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