Golden Path,a Labor Union,had the Following Receipts and Expenses for the Year

question 65

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:

Risk Taking

The inclination or willingness to engage in behaviors that have the potential to be harmful or dangerous but might also result in positive outcomes.

Aggression

Aggression refers to behaviors or actions intended to harm or intimidate another individual physically or verbally.

Inhibits

To restrict or slow down a process, reaction, or action.

Mental Disorders

Conditions characterized by alterations in thinking, mood, or behavior associated with distress or impaired functioning.