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

question 73

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 supporting services?

• A) $150,000
• B) $720,000
• C) $440,000
• D) $290,000

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Definitions:

Inclined Surface

A plane surface set at an angle to a horizontal surface.

Ellipse

A regular oval shape, described by a curve on a plane, such that for any point on the curve, the sum of the distances to two fixed points (foci) is constant.

Deep/Depth Symbol

A drafting notation used to designate the depth of a hole or a recess in technical drawings.

Auxiliary View

A supplementary orthographic view in drafting and engineering used to show features that are not fully visible or clear in the principal views.