The Transactions Described in the Following Questions Occurred in a Voluntary

question 8

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 research.

• 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:

Satisfied Need

A psychological or physiological requirement that has been successfully fulfilled, leading to a state of contentment or satisfaction.

Psychological Needs

Essential components for mental well-being, including feeling loved, secure, and respected, that influence behaviors and motivation.

Social Values

Social values are the principles and beliefs held by a society that shape behaviors, guide ethical decisions, and form the foundation of cultural norms.

Stage Fright

Anxiety or fear experienced before or during a public performance or presentation.