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:

Coupons

Vouchers entitling the holder to a discount for a particular product or service.

Generativity

A term used in psychology that refers to a concern for establishing and guiding the next generation, often seen as a stage in adult development.

Stagnation

A state of inactivity or lack of progress, often resulting in the absence of development or advancement.

Autonomy

Autonomy refers to the capacity to make an informed, uncoerced decision independently, often regarded as a foundational aspect of ethical principles in various contexts.