The Transactions Described in the Following Questions Occurred in a Voluntary

question 92

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
-Acquired equipment with all of the contributions previously received from donors for equipment purchases.

• 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:

Exergonic Reaction

A chemical reaction that releases energy, often in the form of heat, making it energetically favorable.

Enthalpy Reaction

A thermodynamic quantity equivalent to the total heat content of a system, representing the sum of its internal energy and the product of its pressure and volume, especially useful in the study of heat exchange in chemical reactions.

Electrochemical Reaction

A chemical reaction that involves the transfer of electrons from one species to another, often associated with electricity.

Exergonic

Describing a chemical reaction that releases energy to its surroundings, typically in the form of heat or work.