The Transactions Described in the Following Questions Occurred in a Voluntary

question 5

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 cash contributions restricted by donors for equipment.

• 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.

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Definitions:

Antiracist Allies

Whites and others working toward the goal of ending racial injustice.

Racial Injustice

The unfair treatment of individuals or groups based on race, manifesting in legal, economic, and social disparities.

Whites

Refers to individuals or populations characterized by lighter skin pigmentation, often used in the context of discussing racial and ethnic identities.

Diversity Training

Refers to educational programs or workshops focused on improving participants' understanding and appreciation of differences among people, including race, gender, sexuality, and culture.