The Transactions Described in the Following Questions Occurred in a Voluntary

question 31

Multiple Choice

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:
Effe cts of Transactions on Statement of A ctivities
-A gain was realized from the sale of securities which were permanently invested.The gain is restricted as to use.

• A)Increases unestricted 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.

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Definitions:

Demand for Labor

The total amount of workers that employers are willing and able to hire at a given wage rate within a certain period.

Fastest Growing

Describes entities or economies expanding at a higher rate compared to others within a specified time frame.

Occupations

Various forms of employment or professions in which individuals engage to earn a living.

Complementary

Products or services that are used together, where the use of one increases the value or demand for the other.