The Transactions Described in the Following Questions Occurred in a Voluntary

question 48

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:
Effects of Transactions on Statement of Activities
-Income was earned from investments of assets that the board previously designated for plant expansion.

• A)Increases net assets with donor restrictions.
• B)Decreases net assets with donor restrictions.
• C)Increases net assets without donor restrictions.
• D)Decreases net assets without donor restrictions.
• E)Transaction is not reported on the statement of activities.

---

Definitions:

Interviewing

The process of asking questions and evaluating answers from individuals, typically used for research or employment selection.

Electronic Résumé

A digital version of a CV or resume, designed to be easily read by computers and electronic systems, often formatted in simple text or PDF.

Internet Job Board

An online platform where employers post job openings and potential employees can find and apply for positions of interest.

Interviewing

Interviewing is the process of asking questions and obtaining answers from individuals, often used in research, journalism, or employment selection.