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Online%20Quiz%20#12 - O nline Quiz # 12: Chapter 16 Not for...

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Online Quiz # 12: Chapter 16 Not for profit reporting standards require net assets to be reported in all of the following classes except: Invested in capital assets, net of related debt. Which of the following is not a common characteristic of a VHWO? Resource providers are typically the primary recipients of the VHWO’s services. The CVE Community Service Center is a nongovernment VHWO financed by contributions from the general public. During 20X5, unrestricted pledges of $900,000 were received, half of which were payable in 20X5, with the other half payable in 20X6 for use in 20X6. It was estimated that 10% of these pledges would be uncollectible. In addition, Mr Jones, a social worker, contributed 800 hours of his time to the center at no charge to assist with fundraising activities. Mr. Jones annual social worker salary is $20,000 based on a workload of 2,000 hours. How much should the center report as contributions revenue for 20X5 from the pledges? $810,000.
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This note was uploaded on 05/04/2011 for the course ACC 355 taught by Professor Smith during the Spring '11 term at ASU.

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Online%20Quiz%20#12 - O nline Quiz # 12: Chapter 16 Not for...

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