A11 Twatt - reported net operating revenues (which include...

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Chapter 14 Tiffany Watt Assignment: A11 April 20, 2011 AC 325 – E01 Questions 14-2. Support, or public support, refers to an increase in net assets arising from contributions of resources or non-exchange transactions and includes only amounts for which the donor derives no tangible benefits from the recipient agency. Revenues, on the other hand, represent increases in unrestricted net assets arising from bilateral exchange transactions in which the other party to the transaction is presumed to receive direct tangible benefit commensurate with the resources provided. A likely example of an organization with a high proportion of total support and revenue from contributions would be a non-profit entity such as Habitat for Humanity, which reported contributions of $179,208,568 * for the year ended June 30, 2010. A likely example of an organization with a high proportion of total support and revenue from charges for services would be a for-profit entity such as HealthSouth Corporation, which
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Unformatted text preview: reported net operating revenues (which include net inpatient and outpatient revenue) of $1,911,100 * for the year ended December 31, 2009. A likely example of an organization with a high proportion of total support and revenue from investment income would be a private charitable foundation such as Ginnie Mae. Exercises & Problems 14-1. Multiple Choice. 1. B 2. D 3. C 4. A 5. A 6. B 7. D 8. C 9. A 10. C *Sources Habitat for Humanity International. "Habitat for Humanity International's 2010 Annual Report." Habitat for Humanity. 30 June 2010. Web. 19 Mar. 2011. < http://www.habitat.org/support/report/2010/annual_report_2010.pdf >. HealthSouth. "HealthSouth's 2009 Annual Report." HealthSouth. 31 Dec. 2009. Web. 19 Mar. 2011. < http://files.shareholder.com/downloads/HLSS/0x0x363484/970C1F86-35D1-40B2-A02B-E9F8F5DFEF95/2009_Annual_Report_05APR2010.pdf >....
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This note was uploaded on 09/01/2011 for the course BUSINESS 101 taught by Professor - during the Spring '11 term at Mississippi Valley State University.

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