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:

Uterus Lining

The inner layer of the uterus, known as the endometrium, which thickens during the menstrual cycle to prepare for potential implantation of an embryo.

Endothelium

The tissue that lines the cavities of the heart, blood vessels, and lymph vessels.

Diaphragm

A large, dome-shaped muscle located at the base of the lungs, playing a key role in respiration by contracting and expanding the chest cavity.

Cervix

The lower region of the uterus; extends slightly into the vagina.