The Transactions Described in the Following Questions Occurred in a Voluntary

question 117

Short Answer

The transactions described in the following questions occurred in a voluntary health and welfare organization during the year ended December 31, 20X8. For each transaction, indicate its effect(s) on the organization's statement of activities prepared for the year ended December 31, 20X8. List all effects of transactions affecting more than one class of net assets. Indicate your choice(s) by entering the letter corresponding to the effects listed here:
Effects of Transactions on Statement of Activities
A. Increases unrestricted net assets.
B. Decreases unrestricted net assets.
C. Increases temporarily restricted net assets.
D. Decreases temporarily restricted net assets.
E. Increases permanently restricted net assets.
F. Decreases permanently restricted net assets.
G. Transaction is not reported on the statement of activities.
Received a multi-year pledge, with cash being received this year and for the next 4 years. Donors did not place any use restrictions on how the pledges were to be spent.

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Definitions:

Assess Edema

The evaluation of swelling in body tissues due to the accumulation of excess fluid.

Immobilized Patient

Refers to a patient who is unable to move freely on their own, often due to injury, surgery, or illness.

Sacrum

A triangular bone at the base of the spine and at the upper and back part of the pelvic cavity, formed from fused vertebrae.

Disuse Osteoporosis

A condition where bones weaken due to prolonged periods of inactivity or immobilization.