Golden Path, a Labor Union, Had the Following Receipts and Expenses

question 93

Multiple Choice

Golden Path, a labor union, had the following receipts and expenses for the year ended December 31, 20X8: The union's constitution provides that 12 percent of the per capita dues be designated for the strike insurance fund to be distributed for strike relief at the discretion of the union's executive board.
Based on the information provided, in Golden Path's statement of activities for the year ended December 31, 20X8, what amount should be reported under the classification of program services?

• A) $720,000
• B) $910,000
• C) $440,000
• D) $760,000

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Definitions:

Torticollis

A condition also known as 'twisted neck,' where the head is tilted due to tightness or shortness of the neck muscles on one side.

Elbow Joint

A hinge joint that connects the forearm to the upper arm, allowing for the flexion and extension of the forearm.

Epicondylitis

Inflammation of the epicondyles, which are the areas on the elbow where tendons attach, commonly known as tennis or golfer's elbow.

Rheumatoid Bursitis

Inflammation of a bursa (a small fluid-filled sac that reduces friction between tissues) in people with rheumatoid arthritis.