The Transactions Described in the Following Questions Occurred in a Voluntary

question 30

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
-Received pledges from donors who placed no time or use restrictions on how the pledges were to be spent.

• 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.

Comprehend the differences and applications of fixed-weight and chain-weighted price indices in calculating inflation.

Acknowledge the impact of legal and illegal activities on GDP measurements.

Calculate the unemployment rate in various contexts.

Define and distinguish between employed, unemployed, discouraged workers, and not in the labor force.

---

Definitions:

Electronic Claim Submissions

The process of sending patient treatment and billing information to insurance companies or payers using electronic means to facilitate faster processing and payment.

Clearinghouses

Intermediary entities that process non-standard health information to conform to standards for data exchange between healthcare providers and insurers.

Electronic Data Interchange (EDI)

Transmitting electronic medical insurance claims from providers to payers using the necessary information systems.

Standard Format

A set of established criteria or specifications to which something must conform.